EMERGING MARKETS-Poland's zloty holds ground ahead of rate verdict [Yahoo! Finance]
SOCIETE GENL FRNCE S/ADR (SCGLY)
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Source: Yahoo! Finance
By Shashwat Chauhan May 9 (Reuters) - Most currencies in emerging Europe held steady against the euro on Thursday, with Poland's zloty at over three-week lows ahead of a central bank rate decision later in the day, while Polish stocks outpaced regional peers on upbeat results. The zloty held steady at 4.29 per euro, its lowest level since mid-April ahead of a decision by the central bank, which is expected to leave rates unchanged at 5.75%. "The NBP is tipped to leave rates at 5.75% for the seventh consecutive meeting and guide for policy (to) stay as at present until the end of the year," Societe Generale strategists said. "A hawkish hold could tempt sellers of EUR/PLN to have a go at the April lows near 4.25." The Czech crown was flat at 24.9 per euro after data showed March retail sales rose more than expected to 6.1% against expectations of a 2.7% increase. Hungary's forint was also flat at 388.4 per euro, while South Africa's rand gained 0.2% after falling for the la
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