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The Warsaw Voice » Business » August 21, 2014
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Zloty seen CEE least affected currency by geopolitical situation
August 21, 2014   
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The Polish zloty has so far suffered the least as an effect of geopolitical situation compared with other regional currencies, FX analysts say.

In spite of the unfavorable situation, the Polish currency appears even stable and is affected mostly by fundamental factors, such as the risk of economic slowdown, DM X-Trade Brokers analyst Michal Stajniak said.

Also the weakness of the euro stemming from the ECB's monetary easing translates negatively into the zloty rate of exchange, the analyst adds. However, in his view, the zloty should remain relatively stable and a decline, if happens, should be moderate, Stajniak says.

Easy Forex Trading director Andrzej Kiedrowicz is not so optimistic. Even though the zloty's recent decline was stopped, we can expect it to depreciate as an effect of the rising risk of Russian-Ukrainian conflict escalation and in relation to potential interest rate cuts in Poland.
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