After yesterday’s strong zloty, economists expect the EUR/PLN rate to stabilize around 4.22-4.23 – they show in morning reports. They speculate that the strengthening of the zloty may be short-lived and the main scenario will remain. But some of them note that the deepening of the EUR/PLN discount is not possible in the coming days.
“We assume that yesterday’s movement on the zloty is not a one-off. It was caused by both the main global and local technical factors (the breaking of the important support at the level of PLN 4.25 per euro). As a result, the base scenario remains. stabilization of EUR/PLN in the range of 4.22-4.23” – BGK economists indicate.
The euro is the cheapest in five years
“The EUR/PLN rate fell to 4.2250 and is the lowest since January 2020. We believe that in the coming days, although a little deeper, the discounts will continue. The target remains at the level of 4.20”, – the forecast does a bank. Millennium economist Mateusz Sutowicz.
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PKO BP economists indicate that a decline in the EUR/PLN exchange rate from 4.2350 in terms of technical analysis paves the way for a continuation of the rise of the Polish zloty against the euro.
Euro to Polish Zloty exchange rate for the last five years.pl.tradingview.com
“Investors are focused on a possible increase in the difference between the NBP and ECB rates, at least in the first half of this year, and this trend is also supported by the global environment. The downward trend of EUR/PLN can change the potential value. The return of the exchange rate above 4.2350, for example , as a result of worsening global market sentiment, which could theoretically happen next week, when a deadline imposed by Trump on imports from Mexico and Canada into the US could affect global investor appetite for risk,” PKO BP wrote in its morning report.
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