Bloomberg Poland’s central bank moved to weaken the zloty for the first time in a decade, delivering on a warning that it won’t tolerate a stronger currency as the economy tries to recover from the Covid-19 pandemic. Sales by the bank helped push the zloty down by as much as 1.7% against the euro in low-volume trading. The step comes ...

Bloomberg Egypt’s central bank has extended two debt relief initiatives for another 6 months which were launched earlier to help companies and tourism firms struggling as a result of the coronavirus’ impact on the economy. In a statement, the regulator said the move affects companies with bank debt of less than 10 million Egyptian pounds and tourism firms with debts ...

Bloomberg The Indonesian rupiah may be on the cusp of a rally. Its rebound from the worst-performing Asian currency to second best in the final three months of 2020 signals potential for further gains. The removal of US election risk and supportive coronavirus vaccine developments aided the rupiah’s rise to near resistance at 13,873, its June 8 high, before it ...