On Wednesday, the Polish currency slightly weakened relative to the euro and dollar, but on a monthly scale you can see major changes in the case of main currencies. However, the directions were against. The zloty weakened against the euro by about 2.2 percent, and to the dollar it strengthened by 2.7 percent.
In the evening around 20.30 for the dollar on the Forex market you had to pay PLN 3.77, and for the euro – PLN 4.28. At the beginning of the month, the dollar was valued above PLN 3.85, and the common currency cost PLN 4.18.
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“There is nothing to count on strengthening the zloty,” says Mateusz Chrzanowski, the Noble Securities analyst. He pointed out that we are one of the major movements in recent months. “The political bonus has already been completedand when it comes to interest rates, we attach to other central banks and enter a period of reductions ” – he added.
In his opinion The disposal of the interest rates could favor our currency for some time, but now this argument loses its value.
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“I think that we are facing stabilization or slight weakening of the currency. A lot will also depend on how investors will approach the dollar or whether the dollar would be a safe haven again if, for example, there were concerns about global recession, “commented Mateusz Chrzanowski.
