Poland's zloty falls 1 percent versus euro

WARSAW: Poland's zloty fell about 1 percent against the euro on Tuesday hit along with other emerging market currencies by concerns that the U.S. Federal Reserve will launch interest rate hikes.

"Nothing on the domestic side seems to be driving the fall," said Henrik Gullberg, FX strategist at Deutsche Bank.

He said he is constructive on the zloty's outlook over the coming months given Poland's solid economic fundamentals, euro zone's quantitative easing programme and a likely end of rate cuts in Poland.

The zloty traded at 4.1610 to the euro by 1652 GMT, down 1 percent on the day. It weakened earlier by as much as 1.1 percent.