Polish Zloty Loses Ground as June CPI Confirms Easing Price Pressures
Polish zloty weakened against the US dollar on Wednesday after Poland's annual inflation slowed to 2.5% in June from 3.1% in May, matching preliminary estimates. The Central Statistical Office reported consumer prices fell 0.5% in June from the previous month after a 0.3% decline in May, pointing to softer domestic price pressures. On the US front, the dollar edged lower during the American session after annual US producer inflation slowed to 5.5% in June from 6% in May, below the 6.2% market forecast, according to the Bureau of Labor Statistics. At the time of writing, USD/PLN was trading at 7.7865, up 0.09%.
Polish zloty weakened against the US dollar on Wednesday after Poland's annual inflation slowed to 2.5% in June from 3.1% in May, matching preliminary estimates.
The Central Statistical Office reported consumer prices fell 0.5% in June from the previous month after a 0.3% decline in May, pointing to softer domestic price pressures.
On the US front, the dollar edged lower during the American session after annual US producer inflation slowed to 5.5% in June from 6% in May, below the 6.2% market forecast, according to the Bureau of Labor Statistics.
At the time of writing, USD/PLN was trading at 7.7865, up 0.09%.