The Polish zloty followed a sideways pattern through the most of Wednesday. The market opened at 3.8220 EUR/PLN and 3.1890 USD/PLN. Till the late afternoon the zloty hovered around the opening level and then it temporarily hit the daily low at 3.8310 against the euro. The currency was able to make up some of these losses just before the closing.
The calendar of domestic economic releases is empty today, hence the zloty should remain range traded till the end of the week mirroring the behavior of the Eurodollar.
ČSOB - Investment Research