Polish Zloty Leads Emerging-Currency Gains on G-20, Fed Outlook
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The zloty led currency gains in emerging markets as a Group of 20 pledge to avoid “competitive devaluation” failed to dispel speculation the Federal Reserve will resume asset purchases, boosting demand for riskier assets.
The Polish currency strengthened 0.9 percent, the most in eight days, to 3.9266 per euro at 4:05 p.m. in Warsaw. Hungary’s forint, gained for a fourth day, and the Romanian leu advanced