The zloty remains stable. The market is looking for new impulses.
Friday morning brought stabilization of the zloty exchange rate. The euro exchange rate remained largely unchanged, awaiting new impulses from the markets. base.
At 9:56 the euro exchange rate was PLN 4.2580 and remained close levels from Thursday evening. Although in recent days the euro-zloty pair slightly higher volatility could be observed, then in the medium term the euro złoty remains in consolidation. Since April, a sideways trend has been in force in terms of 4.23-4.31 PLN.
So far, there have been no impulses that could change this state of affairs. not change. Polish the currency market reacted very calmly to the incident with Russian drones . So far, he hasn't been concerned about the problems either budget and reduction outlook for the Polish rating . Thursday's report also went unnoticed. a statement from the European Central Bank, which, in accordance with as expected, it did not lower interest rates. Next week, rates is to reduce the US central bank.
- On Friday we will know the data on the balance of the turnover account Poland's current figures for July, which will likely indicate a slight deepening deficit in this account over the full year due to the continuing weakness of exports and simultaneous recovery of imports - as written in the PKO report BP.
- We do not expect these data to have a significant impact on the zloty exchange rate, which should remain stable against the euro around 4.25-4.26 with the potential for strengthening against the dollar to the vicinity of 3.6050, where There is short-term support for USD/PLN - added.
On Friday morning for a dollar The American currency was paid at PLN 3.6268, which is similar to the previous day. USD/PLN remains under the decisive influence of the EUR/USD pair, which has been trading for several years now. For weeks now we have been observing unsuccessful attempts to break the July peak.
Swiss franc was valued at PLN 4.5539, which is half a grosz above the reference rate. In the case of The franc-zloty pair has been in a sideways trend for 5 months with a range 4.50-4.60 PLN. The British pound was close to this year's low, for which you had to pay PLN 4.9160.
prepared by KK
bankier.pl
