(Bloomberg) -- Poland's zloty fell against the euro,
snapping three days of gains, as increased risk aversion among
investors returned to emerging markets.
The zloty, along with other emerging market currencies, has
declined as the recent slide in Chinese stocks led investors to
withdraw from riskier emerging market assets. The drop in Chinese
stocks has wiped out more than $500 billion of market value since
the government raised the tax on securities trading on May 30.
Read more at Bloomberg Currencies News
snapping three days of gains, as increased risk aversion among
investors returned to emerging markets.
The zloty, along with other emerging market currencies, has
declined as the recent slide in Chinese stocks led investors to
withdraw from riskier emerging market assets. The drop in Chinese
stocks has wiped out more than $500 billion of market value since
the government raised the tax on securities trading on May 30.
Read more at Bloomberg Currencies News
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