2025-10-02 09:27
publication
2025-10-02 09:27
We started Thursday's morning with the euro exchange rate below PLN 4.26, which is a nice change after a few days of a slightly weaker zloty. However, on the Polish currency market we are still dealing with a flaut and side trend on the most important “zloty” pairs.
At 9:27 the euro exchange rate was PLN 4.2575 and it was almost no different from that at the end of Wednesday's quotas. Yesterday, the Community currency got cheaper about a penny after the end of September spent closer to the line of PLN 4.28.
Everything takes place inside the not very wide side trend that has been in force for nearly half a year. From April, the euro exchange rate has been in the range of PLN 4.23-4.31. Of this, it was a range of PLN 4.23-4.28. Therefore, the Polish gold remains extremely stable and does not react too much to stimuli from the world, nor to the more and more looser NBP monetary policy, as well as the deepening Polish fiscal problems.
– The EURPLN course starts around 4.26, with a slightly higher EUR/USD exchange rate compared to yesterday's closure, and we do not anticipate significant fluctuations at today's session – the Millennium analysts wrote in the morning report.
Similar peace in recent days has also prevailed on the main currency pairs of the world. The EUR/USD exchange rate stabilized at an altitude of approx. 1,1750 USD. On the domestic market, this meant a dollar for PLN 3,6230, i.e. 0.6 grosze cheaper than the day before. The USD/PLN exchange rate is therefore heading towards this year's minimum, located at the level of PLN 3.5670. First, however, he would have to deal with a barrier in the form of a round level of PLN 3.60.
– In the country, the publication calendar is empty, so the zloty will remain under the influence of the moods prevailing on the main currency markets. In our opinion, pressure on a weaker dollar – resulting from the prolonged political deadlock in the USA and the growing expectations for Fed rate reduction – should persist. Therefore, we expect stabilization of the EUR/PLN exchange rate in the area 4.26 and a decrease in the USD/PLN exchange rate in the direction of 3.60 – PKO BP economists wrote in their report.
Meanwhile, the Swiss Frank was listed after PLN 4,5504, which is just below the reference course. The Frank-gold couple has been in the range of PLN 4.50-4.60 since April and there is no indication that this situation will change in the near future.
The British pound quotes balance the long -term minimum (PLN 4.8522) designated at the end of July. In the morning, Szterling was exchanged for PLN 4.8918.
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