empty
 
 

2020.06.0112:53:00UTC+00Polish Zloty Climbs To 2-1/2-month High Against U.S. Dollar

The Polish Zloty firmed against the U.S. dollar in the European session on Monday, as risk sentiment improved after U.S. President Donald Trump did not take new steps against China, de-escalating the trade war.

Survey data from IHS Markit showed that Poland's manufacturing sector contracted at the second sharpest pace since January 2009, due to ongoing lockdown restrictions designed to contain the spread of coronavirus, or Covid-19, pandemic.

The manufacturing Purchasing Managers' Index, or PMI, rose to 40.6 in May from a record low of 31.9 in April.

The Polish Zloty rose to 3.9624 against the greenback, its strongest since March 16. If the currency rises further, 3.8 is seen as its next resistance level.

  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $1000 more!
    In April we raffle $1000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS


Can't speak right now?
Ask your question in the chat.
Widget callback