2025-08-11 10:03
publication
2025-08-11 10:03
The reports of the Trump-Putin meeting stimulated speculation of the end or even suspension of hostilities in Ukraine, which supported the zloty. Frank Szwajcarski also weakened, who in steam with the Polish Golden was noted close to the lowest levels since April.
On Monday at 9:50 the euro exchange rate for the zloty was at the level of PLN 4.2520. Before the weekend, the community currency was amounting to below PLN 4.25. However, looking in a slightly longer time horizon on the pair of Euro-gold, a side trend is still in force, in the range of PLN 4.20-4.30.
During the weekend, US President Donald Trump announced that on August 15 he would meet with Russian President Vladimir Putin. The meeting place is to be Alaska and the subject of the conversations the end of the Russian-Ukrainian war. Although the road to a durable room behind our eastern border will probably be long and winding, investors have already begun to discount the reduction of the geopolitical risk bonus included in the valuation of Polish assets.
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– In a favorable environment, the EUR/PLN exchange rate may break technical support this week at 4.2450, which would open the road in the direction of 4.23. On USD/PLN, however, our base scenario is to expand the side trend with a possible test of around 3.6150 (if inflation in the US does not surprise with higher readings) – PKO BP economists forecast.
– Today good moods can persist. The zloty can gain a bit to the euro, and the significant level of support for the EUR/PLN exchange rate is near 4.225. (…) The Trump-Putin meeting will be in the spotlight scheduled for August 15, data on American inflation, national GDP data-wrote in the report of Bank Millennium.
Meanwhile, stabilization above line 1.16 USD per euro persists on the Euro-Dolar pair. As a result, the dollar on the Polish market in the morning cost PLN 3.6521. These levels are only a few pennies higher than the July hole (PLN 3.5858), which is also a 4-year minimum USD/PLN exchange rate.
The Swiss Frank weakened. At the beginning of the week, the Helwecka currency was valued at PLN 4,5174. This is a level close to the lower limitation of consolidation lasting since mid -April. On the basis of technical analysis, a permanent break of the 4.50 PLN line would open the way to the Frank's fall in the area of 4.40 PLN.
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