publication
2025-09-10 10:41
The weakening of the Polish currency to the euro and dollar is observed on the currency market in response to the violation of Polish airspace by Russian drones and shooting them down by Polish forces in cooperation with NATO allies.
The EUR/PLN exchange rate grew on Wednesday after 10.34 by about 0.4 percent. and amounted to PLN 4.2642. Shortly after 9.21 the course climbed even to the level of PLN 4.2680 and was at most from Tuesday, September 2. The weakening of the golden investors in the currency market reacted into the first case in which the Russian drones in Poland were shot down at the same time the territory of NATO.
From the night from Tuesday to Wednesday, Polish airspace was violated by Russian combat drones called Shahedami. Most of them were shot down, as reported by the operational command of the types of the Polish Armed Forces. On Wednesday morning, a special meeting took place in the National Security Bureau, in which he took part, among others President Nawrocki, Prime Minister Donald Tusk, deputy head of the Ministry of National Defense and the most important commanders. Extraordinary meetings of the Council of Ministers were also convened. The most important press agencies in the world informed about events from Poland in the main service band.
The market reaction on the Polish currency was moderate and did not reveal the sales signs due to the increase in geopolitical tension. Reuters' reports, citing sources in NATO, also quickly appeared that the alliance does not treat this event as an attack. Initially, the Polish stock exchange reacted similarly, with declines not exceeding 1 percent. After the start of the session at the WSE. After nearly 1.5 hours WIG20, however, sliding down by over 2.5 percent.
“We think that another crossing of the Polish border, this time by a larger number of Russian drones and a military operation aimed at eliminating them, as well as closing the border with Belarus in connection with the exercises, the collapse means a certain increase in geopolitical risk, which can translate negatively to zloty. For now, the gold reaction is limited, but the EUR/PLN exchange rate today” Millennium in the morning note.
In the nearby markets, inflationary data from the United States may be the most important. On Wednesday, data on PPI manufacturer will be published, and on Thursday consumer inflation CPI. Possible further depreciation of the dollar, Fedy's decisions and MPP moves regarding the reduction of interest rates in Poland are currently the main factors that seem to have the greatest importance of the Polish currency ratings, since the last reduced Fitch rating perspective and a significant security incident over our country did not manage to move more than the gold.
The USD/PLN exchange rate was gained on Wednesday morning about 0.5 percent. to the highest levels from Friday and amounted to PLN 3.6446. At that time, the EUR/USD pair lost 0.15 percent up to 1,1693. Swiss Frank gained 0.45 percent for the zloty And it was valued at PLN 4,5686. The pound cost PLN 4,9309 and was more expensive by nearly 0.6 percent. than at Tuesday's closure.
