Polish Zloty's Haven Status Just a Memory as It Lags Every Peer

  • Decline in April was biggest among emerging-market currencies
  • Best forecaster UniCredit predicts more headwinds for zloty

Once a refuge for foreign-exchange traders to wait out emerging-market turmoil, Poland’s zloty is a haven no more. And its worst start to a year since 2009 may not be the end of the currency’s losses, according to its most-accurate forecaster.

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