Wednesday, June 6, 2007

Zloty Falls Versus Euro; Sentiment Toward Europe's Emerging Markets Sours

(Bloomberg) -- The Polish zloty fell to the lowest in
a week against the euro, hurt by lingering risk aversion after
last week's global stock market losses.

Poland's currency has lost 2.3 percent in the past month,
falling from its five-year high against the European common
currency reached on May 10. Comments about the U.S. economy by
Federal Reserve Chairman Ben S. Bernanke yesterday added to the
negative sentiment toward Europe's emerging market currencies.


Read more at Bloomberg Currencies News

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