Currencies rally against US dollar after Bessent nomination

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Poland’s presidential elections will pit Warsaw’s liberal mayor as the candidate of Donald Tusk’s ruling party against a historian chosen on Sunday by the right-wing opposition Law and Justice (PiS) party.

The outcome of next May’s vote could unlock Prime Minister Tusk’s reform agenda, which has been stalled by outgoing rightwing President Andrzej Duda since PiS was ousted from office last December. Duda, a PiS nominee, has used his second and final term to block some of Tusk’s bills and stop his pro-EU coalition government from replacing PiS-nominated judges and ambassadors. 

Jarosław Kaczyński, the longstanding leader of PiS, bypassed some experienced politicians to select 41-year-old Karol Nawrocki, who leads Poland’s Institute of National Remembrance and previously managed a war museum in his city of Gdańsk.

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