“On Friday, the zloty will remain under the influence of global moods, which will be shaped mainly by the developments in the Middle East and the related prices of energy raw materials,” PKO BP analysts noted in their Friday commentary.
In their opinion, the PLN exchange rate may also be influenced by data from the American labor market. They explained that they may affect market expectations regarding the Fed's decisions and, consequently, the dollar.
“Our short-term expectations for the EURPLN and USDPLN rates have not changed, we see chances for the continuation of the consolidation of the first of the above-mentioned pairs in the zone of 4.2550-4.3050, with a possible further increase of the USDPLN rate above 3.70, perhaps even to the zone of further technical resistances that we see between 3.7450 and 3.7650,” the analysts added.
On Friday morning, the dollar was worth just below PLN 3.676, and the euro was valued at almost PLN 4.27.
