The zloty tries to make up for the losses. Dollar is still on the attack

Ashley Davis30/07/2025

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2025-07-30 09:59

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2025-07-30 09:59

Wednesday morning brought an attempt to make up for the losses suffered by the zloty at the beginning of the week. The power of the American dollar remains a problem for the Polish currency, which strengthened the euro after signing the customs agreement between the US and the EU.

The zloty tries to make up for the losses. Dollar is still on the attack — photo: Designrage / / Shutterstock

At 9:50 the euro exchange rate was at the level of PLN 4.2727 and was half a penny lower than Tuesday's reference rate. This is an attempt to relax after two poor days for the Polish currency. On Monday and Tuesday, euro rolled up a total of nearly 4 grosze.

However, looking in a slightly wider horizon, recent events do not change the fundamental situation on the pair of Euro-gold. The one has been moving in a side trend of PLN 4.20-4.30 since April. On the basis of technical analysis, it was only a permanent breaking of the 4.30 PLN line would be announced by an increase in euros near PLN 4.40. So to the highest level from January 2024.

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Globally on the currency market from Monday we observed a definite strengthening of the American dollar in relation to the euro. It is a aftermath not very favorable for the EU “trade agreement” with the United States imposing 15 % duties on almost all goods imported from the Union to the USA. For Europe in the long run it will probably mean weaker economic growth, for America, higher price inflation. So probably even lower interest rates in Euroland and pressure to maintain higher feet in the federal reserve.

The effects of a dynamic decrease in the EUR/USD exchange rate can also be seen in the chart of dollar-gold steam quotations. On Wednesday in the morning “Green” cost PLN 3.6935. Although it is nearly a penny less than the day before, but still more than 8 groszy more than before the weekend.

The Frank-Gold Couples were in a very interesting place. The CHF/PLN exchange rate was at an altitude of PLN 4.5926, and the day before, even temporarily exceeded the PLN 4.60 line. This level determines the upper limitation of consolidation since April. Possible permanent exceeding of this border on the basis of technical analysis would threaten to increase the Frank exchange rate in the area of PLN 4.70.

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