#EURPLN @ 4.70820 : Stable for now, decline expected in 2023 – ING

…
This is a premium post.
[s2If !current_user_can(access_s2member_level4)]Please register for PREMIUM VERSION HERE to read full post below containing analysis. In case of any error or you think you are not able to read the full post below, please email us at support#nehcap.com [lwa][/s2If] [s2If current_user_can(access_s2member_level4)]

Economists at ING expect the EUR/PLN to trade sideways throughout the rest of the year. In 2023, however, the pair should start to move downward.

“In the remainder of 2022, we expect EUR/PLN to remain in a broad horizontal trend. During the holiday period, investors betting against the zloty took notable stop-losses on low liquidity. Hence, now they should be less inclined to take long EUR/PLN or USD/PLN positions.”

“Next year, we expect a gradual EUR/PLN decline. The zloty should be supported by high rates in Poland, while some key central banks gear towards easing.”

[/s2If]
Join Our Telegram Group