EUR/PLN: NBP to protect the 4.50 level – Rabobank

FXStreet Team FXStreet

The latest remarks from the National Bank of Poland (NBP) provide EUR/PLN with further support. Economists at Rabobank notes the preference to keep the pair above the 4.40-4.50 zone.

See – EUR/PLN: NBP to prevent a move below 4.50 – TDS

Key quotes

“The NBP shut the door for EUR/PLN to fall in the short-term by explicitly saying that it may intervene in the FX market in order to strengthen the impact of its monetary policy easing on the economy. Essentially, the NBP does not want a stronger zloty.”

“Until uncertainties related to the path of the pandemic substantially diminish, the preference to keep EUR/PLN above the 4.40-4.50 area is likely to prevail at the NBP. This means that the scope for EUR/PLN to fall should remain limited in the first half of 2021 or longer depending how quickly Poland will be able to vaccinate a sufficient percentage of citizens to fully reopen the economy.”

“While the NBP favours a weaker currency, prolonged FX interventions to curb zloty’s gains may have negative consequences. Poland could be labelled a currency manipulator and its strategy could lead to a full-scale currency war in the CEE region.”

Author

FXStreet Team

FXStreet

EUR/USD shifts its attention to 1.1900 and above

EUR/USD has shaken off Tuesday’s dip, pushing back beyond the 1.1800 mark amid decent gains as Wednesday’s session draws to a close. The rebound is largely driven by a modest pullback in the US Dollar, as markets digest the aftermath of President Trump’s SOTU speech and continue to monitor trade-related headlines and signals from the White House.

GBP/USD challenges multi-day highs near 1.3530

GBP/USD leaves behind the previous day’s decline and regains fresh upside traction on Wednesday, surpassing the 1.3500 barrier in a context of a modest decline in the Greenback and a generalised improved mood in the risk-linked space. Meanwhile, the US tariff narrative continues to dictate the mood among market participants after Presidet Trump’s SOTU speech failed to surprise markets.

Gold remains bid and close to $5,200

Gold buyers are returning to the fold on Wednesday, targeting the $5,200 area and possibly beyond, after Tuesday’s corrective dip from monthly highs. The rebound in the precious metal comes as the US Dollar loses traction, with Trump’s SOTU speech offering little fresh direction and AI-related nerves continuing to ease.

UK financial watchdog advances stablecoin oversight as four firms pilot issuance

The Financial Conduct Authority (FCA) in the United Kingdom (UK) is advancing toward the final stablecoin regulatory framework with a pilot program involving four companies, including Monee, Financial Technologies ReStabilise, Revolut and VVTX.

Nvidia earnings to influence AI trade and broader market sentiment

For the last three years, Nvidia has been the engine of the AI boom, and now Wall Street is watching to see whether that momentum can keep going. High-growth stocks have been struggling to maintain their bullish trend in 2026.

Cosmos Hub Price Forecast: ATOM rebounds slightly, bearish outlook remains intact

Cosmos Hub (ATOM) price rebounds, trading above $2.05 at the time of writing on Wednesday, after undergoing a sharp correction since last week. Weakening on-chain and derivatives data support a bearish outlook, while technical analysis remains unfavorable.