The zloty remains stable. The market is looking for new impulses

The Friday morning brought stabilization of the zloty. The euro exchange rate remained without major changes in anticipation of new impulses from the base markets.

At 9:56 the euro exchange rate was PLN 4.2580 and remained close to the levels from Thursday evening. Although in recent days a slightly higher volatility has been seen on the pair of Euro-gold, in the medium term Eurozłoty remains in consolidation. A side trend has been in force since April in the range of PLN 4.23-4.31.

For now, impulses have not arrived that could not change this state of affairs. The Polish currency market reacted very calmly to an incident with Russian drones. So far, he has not been concerned about budget problems and a reduction in the perspective of Polish rating. The Thursday message from the European Central Bank also passed unnoticed, which, as expected, did not reduce interest rates. Next week, the US Central Bank is to be reduced.

– On Friday we will know the data on the balance at the current account of Poland in July, which will probably indicate a slight deepening of the deficit on this account in a full year, due to the persistent weakness of exports and simultaneous revival of imports – wrote in the PKO BP report.

– We do not expect these data to have a clear impact on the zloty, which should remain stable for the euro near 4.25-4.26 with simultaneous strengthening potential to the dollar near 3.6050, where short -term support for USD/PLN runs – added.

On Friday in the morning of the American dollar, PLN 3.6268 was paid, which is similar to the day before. The USD/PLN exchange rate remains under the decisive impact of the EUR/USD pair, on which we have been observing unsuccessful attempts to break the July summit for several weeks.

The Swiss Frank was valued at PLN 4.5,539, so half a penny above the reference rate. In the case of Frank-gold steam, a side trend with a range of PLN 4.50-4.60 has been in the game for 5 months. Near this year's minimum, the British pound was recorded, for which you had to pay PLN 4.9160.

ed. KK

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