EUR/PLN: The zloty will experience a modest recovery in the second half of the year – Danske Bank
|Economists at Danske Bank see the PLN staging a comeback in H2 as the economic recovery in the global and Polish economies take hold.
Key quotes
“We think the zloty could stabilise now over the next month, perhaps moving a bit higher as the global and Polish economies work their way through a deep recession.”
“Over the summer and in the fall we would expect the EUR/PLN to resume its fall as the global and Polish economies recover and global risk sentiment strengthens.”
“We see EUR/PLN falling from the current level of 4.57 to 4.45 in 3M, and further to 4.40 in 6M and 4.40 in 12M.”
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