Poland's zloty falls 0.5 pct to key 4.50 vs euro

WARSAW, Feb 3 (Reuters) - Poland's zloty fell 0.5 percent against the euro on Tuesday and hit a key level of 4.50 zlotys against the single currency, Reuters systems showed.

These are speculative moves aimed at breaking stop losses as many people bet that currency options will force companies to buy euros. The weak economic situation adds to the grim outlook,' a trader at a Warsaw bank said.
Source:By Kuba Jaworowski, forbes.com

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