EUR/PLN steadies amid the idea of intervention in Poland's forex market, says BZ WBK, with the Polish currency showing resilience to the euro's depreciation against the dollar, although it's not entirely immune. "If the EUR/USD resumes its downward trend the zloty might be testing 4.38 level again," BZ WBK says. Deputy finance minister Dominik Radziwill said late Wednesday the ministry would exchange about EUR11 billion from EU funds on to the domestic market in 2012. That would be similar to the amount the ministry exchanged in 2011. Central bank officials have over last few days also declared readiness to support the zloty if necessary. EUR/PLN at 4.3538.
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