2025-04-10 10:24
publication
2025-04-10 10:24
The global rally of relief after a 90-day suspension of American duties did not fully take over the zloty market. Thursday morning brings a definite weakness of the Polish currency in relation to the euro.
On Thursday at 10:11 the euro exchange rate was PLN 4.2610 and was 3.3 grosze higher than the day before. Therefore, this is a strong versus of Wednesday inheritance, when the price of the euro expressed in Polish zlotys reduced by nearly 4 grosze.
The reason for such high variability on the zloty market was, of course, new reports from customs wars' fronts. On Wednesday afternoon, the world of finance was shocked by another accurate volt of President Trump, who, under the influence of the growing profitability of Treasuries, decided to suspend the introduction of chapter custom rates on goods brought to the USA for 90 days. Wall Street stock exchanges reacted euphorically, the dollar lost against the euro, and the zloty strengthened against the community currency.
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Asian stock exchanges heavily increased at night. A session in Europe also began with powerful increases, where the main indexes in the morning gained 6-8%. On our WIG20 WIG20, it increased by over 5%, and tons of increases were given by banks, whose shareholders are preparing to deteriorate the results due to the expected reduction of interest rates in the MPC.
In the assessment of PKO BP analysts, despite the fact that the fears of recession in the US were slightly eased after D. Trump announced a break in the binding of mutual duties is a further escalation of the customs war with China, the main trade partner of the USA, may brake the scale of relaxation on global, risky assets at the end of the week.
The euro-dolar steam clinch remains unresolved. The EUR/USD exchange rate has been moving in a wide range of 1.08-1.12 for a week with a very high daily variability. However, there is still a lack of definitive confirmation of the change of trend to an upward trend, which would be a breaking of the resistance zone lying above USD 1.12.
Paradoxically, it is much calmer dollar-gold steam, which is PLN 3.76-3.94 in the range of April perturbations. On Thursday morning, the dollar was valued at PLN 3.8625 – just like the day before. Dolar-zloty steam can be a penetration of 3.80 PLN, which would open the way to further discount of the American currency.
For this, a very strong relief was noticeable on the Frank-Gold steam. In the morning, the Frank course increased by as much as 6.5 grosze, reaching the level of PLN 4,5594. This is the versus of Wednesday's down movement, which reduced the records of the Helweck currency from PLN 4.6376 to PLN 4.4825. As many as 15-baro daily amplitude on this “cross” is a rarely occurring case, indicating the dissemination of the currency market.
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