2025-08-19 10:19
publication
2025-08-19 10:19
For the first time in nearly a month the euro exchange rate to Złoty reached the PLN 4.24 line. Analysts say that in this way the Polish currency market reacted to Monday talks in the White House. Still, peace in Ukraine seems to be distant.
– Quite optimistic relations after yesterday's Trump -Zełenski meeting with the participation of representatives of European countries gave the impulse to further strengthening the zloty, as a result of which this morning EUR/PLN is nearly 4.2450 and it is possible that today's session will bring further appreciation of the national currency – wrote economists Santander BP.
On Tuesday at 10:15 euros was recorded after PLN 4.2398, so the lowest from July 21. However, looking in a slightly longer time horizon, such a move does not change anything. From April, the EUR/PLN exchange rate is in a side trend, limited by a range of 4.20-4.30 PLN. It was only the bottom of this channel on the basis of technical analysis would announce a more important strengthening of the Polish currency.
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While the Ukrainian issue is important for the Euro-gold couple, the most important for investors should be the signals flowing from the federal reserve. This is because the markets have already focused on the September reduction of federal funds. Some expect cutting by up to 50 pb.
– Investors' attention will probably focus on the evening speech by M. Bowman from the FED board, which represents the pigeons of the FOMC wing, signaling three interest rates by the end of 2025. Given the upcoming symposium in Jackson Hole, where the President of Fed J. Powell will take the floor on Friday, we don't expect the President of Fed J. Powell. A more durable character, which could indirectly put pressure on the zloty – it was written in the PKO BP report.
For now, the EUR/USD exchange rate has fallen from 1.17 around USD 1.1674. On the Polish market it meant a dollar after PLN 3,6309, which is more than a penny of cheaper than the day before. They are still levels a few pennies higher than the July minimum (PLN 3,5858), when the dollar was cheapest in 4 years.
The Swiss franc course remained without major changes at the level of PLN 4.5096. The Frank-Głoty pair are balancing on the line of PLN 4.50 for several days, which is a lower limitation of the side trend in force since April.
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