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Polish Zloty Edges Lower Ahead of S&P Credit Rating Review

December 2, 2016 at 11:29 by Vladimir Vyun

Multiple zloty banknotesThe Polish zloty edged lower today ahead of a credit rating review by Standard & Poor’s that may result in lower credit grade for the Eastern European country.

S&P will announce its decision later today after markets close. The agency has already downgraded the nation’s credit rating in January, and analysts believe that it may do so again today. The key risks for the nation’s economy are prospects for higher interest rates in the United States, which may cause outflow of funds from riskier markets, and political uncertainty in Europe, the Italian constitutional referendum in particular.

USD/PLN ticked up 0.15% to 4.2169 as of 11:20 GMT today.

If you have any questions, comments or opinions regarding the Polish Zloty, feel free to post them using the commentary form below.

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