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Polish Zloty leads emerging European currencies’ recovery on better German data

Posted on 12 December 2012

The Polish zloty led a resurgence against the euro Tuesday. The currency, along with other emerging European currencies, got a boost after a key economic indicator in Germany surged in December raising expectations of growth in that economy.
Germany is the main market for Polish and Czech exports, and these economies had slowed in the third quarter due to weaker demand for goods. Investors had begun to worry that the downturn would extend well into 2013, and this had weakened the Polish zloty and Czech koruna…………………………………………Full Article: Source


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