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CFD Trading Rate Euro vs Polish Zloty (EURPLN)

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Change (%)
Date/Time (GMT 0)
Over the past 10 days
Date Rate Change

Related news

  • 13.02.2024 09:25
    EUR/PLN: Polish Zloty is heading for new gains – ING

    EUR/PLN has broken 4.3200. Economists at ING analyze the pair’s outlook.

    Full of hope for new gains

    EUR/PLN touched 4.3000 briefly in December. Otherwise, it's a level last seen before Covid. We repeatedly mention long PLN positioning here, which is and will be a long-term problem for further PLN gains. 

    On the other hand, the short end of the IRS curve is already at levels prior to September's surprise National Bank of Poland rate cut of 75 bps. This implies decent support for the currency compared to HUF and CZK. 

    Thus, if the market doesn't fall for the false hope of rate cuts after Thursday's inflation print, we see this week as an opportunity to test 4.3000 again.

     

  • 07.02.2024 09:57
    EUR/PLN: Sideways outlook for the Zloty with negative bias – Commerzbank

    Poland’s central bank (NBP) announces its monthly rate decision. Economists at Commerzbank analyze Polish Zloty (PLN) ahead of the meeting.

    NBP meeting not of much interest

    It is unanimously predicted by all surveyed analysts that the central bank will leave its benchmark interest rate unchanged at 5.75%. A pause until (at least) March is the official guidance from NBP, although currency strength and falling inflation could have potentially forced the bank’s hand.

    The statement and press conference are unlikely to bring added interest either, for now. We will likely hear repetition that the current interest rate level is adequate for meeting inflation target.

    Because of rising political uncertainties, we see a sideways outlook for the Zloty with negative bias.

     

  • 16.01.2024 11:45
    EUR/PLN: Political noise and heavy long positioning will make Zloty suffer in the coming days – ING

    The Polish Zloty (PLN) tested weakest levels since November. Economists at ING analyze EUR/PLN outlook.

    Political story starting to interfere with the sentiment in financial markets

    In Poland, it seems that the political story is starting to interfere with the sentiment in financial markets. With the Zloty being the only currency supported by higher rates these days, EUR/PLN briefly tested the highest levels since last November. 

    With a hawkish National Bank of Poland, the IRS curve would indicate EUR/PLN levels more around 4.32. It seems that political noise and heavy long positioning will make PLN suffer in the coming days given that the political story in Poland seems to be just beginning.

     

  • 11.01.2024 10:04
    EUR/PLN to settle below 4.34 – ING

    The Polish Zloty (PLN) has suffered in recent days. Economists at ING analyze PLN outlook.

    PLN is now the only currency in the CEE region supported by higher rates

    PLN is now the only currency in the CEE region supported by higher rates. On the other hand, heavy long positioning in the FX market will be a problem for bigger gains.

    For now, we expect EUR/PLN to settle below 4.34 and we'll see how much the market takes back the dovish bets built in the last few days.

     

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