2025-08-08 10:40
publication
2025-08-08 10:40
After a period of weakness, the Polish currency regained strength and strengthened to the level of 4.25 PLN per euro. It seems that the EUR/PLN exchange rate with some delay has reacted to the expected change of monetary policy in the United States and to de-lens on the Russia-West line.
On Friday at 10:30 the euro exchange rate was PLN 4.2530 and remained at a level similar to that from the end of Thursday quotas. The day before, the EUR/PLN exchange rate scored a decrease by nearly 2.5 grosze, thus ending the period of relative weakness lasting the last two weeks.
– The attention of market participants may attract new information about the meeting of the presidents of the US and Russia and regarding the nomination of the successor outgoing from the position of a member of the Council of Governors Fed Adriana Kugler – wrote PKO BP analysts.
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It is worth adding that on Thursday the Warsaw Stock Exchange also scored an excellent day, which testifies to the inflow of large foreign capital to Poland. This can play under the scenario of a truce in Ukraine, which became real after information about the possible meeting of Donald Trump with Vladimir Putin. The solution to the “Ukrainian issue” could for a long time remove geopolitical discount from Polish assets.
The game also has a script for the September interest rate reduction in the federal reserve. This perspective has been harmful to the dollar for several days and supports the euro. And this is a potentially supporting factor.
– Striving positive moods on capital markets and a weaker dollar should support the moderate appreciation of the zloty, which according to our assessment will end a week near 4.25-4.24 for EUR/PLN – PKO BP analysts wrote in their report.
On Friday morning, the dollar on the Polish interbank market was valued at PLN 3.6501, so half a penny higher than the day before. On Thursday, the USD/PLN exchange rate was the lowest for almost two weeks.
Frank Swiss remained under the pressure of sellers, which can be associated with the risk of prohibitive duties on the USA to the US. President Trump “offered” Helvetts as much as a 39 % customs rate. As a result, Frank got cheaper to PLN 4.516 and in relation to the zloty he was the weakest from June 12.
KK
