Offered by IFC Markets
EUR/PLN is hovering round 4.7770. Economists at TD Secutities anticipate the pair to succeed in 4.85 by year-end. Nonetheless, EUR/PLN is about to maneuver again decrease subsequent 12 months.
Optimistic view on the zloty over the long-term
“We anticipate gradual zloty weak spot forward with EUR/PLN reaching 4.85 by finish of December. Nevertheless, over the long-term, we proceed to carry a constructive view on the zloty and assume that EUR/PLN will fall again to 4.60 by the tip of 2023.”
“Total, the Nationwide Financial institution of Poland (NBP) has been way more decisive in tightening than the ECB and we expect that Poland can reap the advantages of that additional down the road.”
