Tuesday, July 24, 2007

Poland's Zloty Falls Versus Euro as Investors Shun Emerging Market Assets

(Bloomberg) -- The Polish zloty fell to the lowest
in almost two weeks as the U.S. subprime mortgage defaults and
tumbling global stocks prompted investors to withdraw from
emerging market assets.

The zloty was the second worst-performer in Europe today,
declining with other central European currencies including the
Hungarian forint and the Slovakian koruna. The NTX Index of
stocks in 30 of the region's companies fell 1.3 percent, its
biggest drop in two weeks.


Read more at Bloomberg Currencies News

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