The Polish Zloty weakened against the U.S. dollar in the early European session on Tuesday.
Data from the Central Statistical Office showed that Poland’s jobless rate rose to 9.8 percent in December from 9.6 percent in November. Economists had expected the unemployment rate to increase slightly to 9.7 percent.
Against the greenback, the Polish Zloty fell to a 5-day low of 4.1516 from an early high of 4.1214. At yesterday’s close, the Polish Zloty was trading at 4.1236 against the greenback.
If the Polish Zloty extends its downtrend, it is likely to find support around the 4.16 area.
The material has been provided by InstaForex Company – www.instaforex.com