Activity of the Polish FX market remained subdued on Friday as investors entered in a sleepy pre-Easter period with major markets closed on that day. The Polish zloty opened at 3.9305 EUR/PLN and 3.2490 USD/PLN and practically till the end of the session the unit followed a sideways pattern.
We expect a further strengthening of the currency today – mainly on the back of political developments, as chances for establishing a stable majority in parliament supported by both conservatives and populists are becoming more apparent.
(CSOB - Investment research)