2025-05-29 10:00
publication
2025-05-29 10:00
The sensational opinion of the New York court improved the mood in the financial markets, but the Polish zloty did not benefit. The euro exchange rate still remains suspended, hesitating within the spring side trend.
The American Court for International Trade blocked the entry into force of most duties announced by the US President Donald Trump. This ruling slightly improved the mood in global markets, where Asian stock exchanges and term contracts for American indexes went up.
However, the reaction of the currency market was less unambiguous. First, we observed a decisive strengthening of the dollar relative to the euro. But by morning the EUR/USD exchange rate managed to make up for most of the night losses and return to around 1.1280. Theoretically, for Polish zloty it is the better, the weaker the dollar is. However, in practice this correlation is not constant in time.
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– The strengthening of the American currency gained impetus after late in the evening the Federal Court of United States blocked most of the customs tariffs imposed by D. Trump and ordered the American administration to stop taking them, because according to the court issued by the court, the American president crossed his constitutional powers – this is how the case was explained by analysts of PKO BP.
This time the zloty market completely ignored the information coming from behind the Atlantic. On Thursday at 9:50 the euro exchange rate was PLN 4.2347 and remained practically unchanged relative to the value from Wednesday evening. The EUR/PLN exchange rate continues to move as part of a spring side trend with a range of PLN 4.20-4.30. So far, there are no impulses that could change this condition quickly.
– The zloty surrounded by the dollar strengthening in the wide market found a space for slight appreciation to the euro, which, however, took place within the last days of narrow consolidation between levels 4.23 and 4.26 – assessed PKO BP analysts in the morning report.
The American dollar in the morning was valued at PLN 3.7518, i.e. 0.7 grosze higher than the day before. Also the USD/PLN exchange rate for over a month is in a local side trend, moving in the range of PLN 3.69-3.83.
The Swiss Frank cost PLN 4,5260, unchanged in relation to Wednesday's reference rate. Also in the case of the Frank-gold steam, we move primarily to the side of the chart, and the franc exchange rate persists in the range of 4.50-4.60 PLN.
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