On Monday the Polish zloty extended its losses from the end of the previous week with investment sentiment driven primarily by political uncertainty. The market opened at 3.8100 EUR/PLN and 3.1580 USD/PLN and shortly after that the unit touched the level of 3.8210 EUR/PLN. Through the rest of the day it hovered around 3.8140 EUR/PLN, but lost some ground just before the closing due to a technical correction. It seems that the rumors about possibility of snap parliamentary elections, which surfaced on Friday, haven’t yet completely faded away. Hence we expect the unit to be traded on the weak side also today, unless the above fears are dispersed.