Financial Times FT.com

Consumer pain as zloty falls

By Jan Cienski

Published: February 22 2009 19:50 | Last updated: February 22 2009 19:50

Aleksander Bochenski made his money in food processing but last year, when he had an unneeded zloty hedging contract, he decided to keep it open, figuring that, with the zloty on a long-term strengthening trend, it would be easy money.

“There was an element of speculation,” he admits.

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