What's next for the Polish zloty?

Last week on the EURPLN chart saw a continuation of the bullish streak, which pushed the EURPLN rate up to 4,80. The domestic currency was also weakening against the US dollar, which resulted in historical highs set on the USDPLN chart. When analyzing the current situation, however, it should be noted that the historically strong dollar may be in the final stage of its boom, and the EUR and PLN - although heavily overestimated - are not extremely cheap.

EUR / USD close to 1,00

Investors from Poland, following the situation of the domestic currency, should carefully watch the performance of the exchange rate EURUSDwhich is approaching the psychological level of parity. The still smoldering energy crisis in Europe may help to test around 1,0000 on the euro dollar,  although the increasingly priced-in potential changes in the ECB's monetary policy suggest that investors may have slightly reacted to the EURUSD.

We invite you to a webinar with the Chief Economist XTB Przemysław Kwiecień, PhD, in which he will present the current one on the charts and answer the title question - what's next with PLN?

• Will the USD be valued even higher?
• What can help European currencies?
• The current situation on the EURUSD, USDPLN, EURPLN and other charts.

WATCH ON-LINE

In addition, due to the very dynamic situation in the world, additional ones will be made available raports Video on the impact of the coronavirus on the global economy, market analysis precious metals.

About the host

Dr Przemysław Kwiecień - Chief economist X-Trade Brokers. Doctor of Economics at the University of Warsaw, graduate of the University of Warsaw and London Metropolitan University (MSc). Holder of the prestigious CFA certificate. He has been working for XTB since 2007, previously he gained experience as an advisor to the Minister of Finance, Mirosław Gronicki, and an economist at Bank Millennium. At XTB, he manages the Analysis Department.

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