The zloty gained to the strongest level in four days against the euro, erasing earlier declines, before a report that will probably show the U.S. economy is recovering.
Poland’s currency gained 0.2 percent to 4.0777 per euro at 1:40 p.m. in Warsaw, the strongest on a closing basis since Aug. 10. Local markets were closed yesterday for Assumption Day. The yield on 10-year zloty bonds rose three basis points to 5.01 percent, a three-week high.
The zloty has weakened 1 percent since Aug. 6, the second- biggest loss among more than 20 emerging-market currencies, after the current-account deficit widened and an economic adviser to Prime Minister Donald Tusk said the government may cuts its growth forecast. A report today may show the housing market is stabilizing in the world’s largest economy.
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