S&P Cut Spurs Worst Slump in Polish Currency Since 2011: Chart

Poland’s zloty extended declines by 1.5 percent within 20 minutes of Standard & Poor’s downgrading the country’s credit by one level.

Currency weakens most since 2011 after S&P cuts rating

The currency fell to a four-year low after S&P cut the rating to BBB+, the third-lowest investment grade, with a negative outlook. For more, click here.

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