US dollar hits new multi-month high versus Polish zloty

(RTTNews) - Extending yesterday's uptrend, the US currency advanced against the Polish zloty in New York morning trading on Tuesday. At about 8:30 am ET, the greenback climbed to a new multi-month high of 2.2835 versus the zloty, compared to yesterday's close of 2.2376. As of now, the air is trading at 2.2670.

Tuesday, the Central Statistical Office of Poland announced that the Poland's unemployment rate dropped to 9.4% in July from 9.6% recorded in prior month. A year ago, the rate was 12.1%. The jobless rate declined for the sixth month in a row, falling from 11.7% in January.

The Central Statistical Office also said that Polish retails sales rose 14.3% year-on-year in July, a notch higher than the 14.2% rise recorded in June. Economists had expected the growth to decline to 14% for July.

Source: By RTT Staff Writer