Zloty Recoups Losses Since S&P Cut as Deutsche Bank Advises Buy

  • Currency climbs past 4.40/EUR for first time since rating cut
  • Deutsche sees selloff overdone, recommends buying zloty

Poland’s currency gained for a third day, climbing to the strongest level since before Standard & Poor’s shock sovereign downgrade last month, amid speculation the declines didn’t reflect the strength of the nation’s economy.

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