Wednesday, May 2, 2007

Zloty Advances Against Euro as Emerging Market Aversion to Risk Declines

(Bloomberg) -- Poland's zloty rose the most in almost two weeks versus the euro as risk aversion toward emerging markets waned after the Turkish government took actions aimed at easing tensions with the military.

Turkish stocks and bonds soared today after the cabinet said it was ready to hold early elections and may change the constitution. The move helped ease investors' concerns and buoyed other emerging markets assets, including the zloty, Hungarian forint and Slovakia's koruna.


Read more at Bloomberg Emerging Markets News

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