Friday, January 30, 2015

Frank below 4 zloty – Our Diary

Frank below 4 zloty – Our Diary

For the first time since 15 January, today franc fell below 4, respectively. On some platforms, approx. 16.30 per franc had to pay approx. 3.98 zł. Also fell quotations of other currencies. The euro had to pay approx. 4.19 zł, and 3.70 zł per dollar.

The drop below 4 gold franc is in line with analysts’ expectations.

– end of the week is definitely favorable for the zloty, which in two days gained almost 5 cents against the euro, – says Simon Zajkowski of Brokerage mBank.

– The next week, however, it is possible to further appreciation of the zloty and the decline of the EUR / PLN to 4.17 – believes Zajkowski

The analyst notes that the decline in trading gold franc terms could be observed from the beginning of the week. – From Monday franc became cheaper by as much as 28 cents, and the rate for the first time since the historic January 15 fell below 4 zł. Moreover, it seems that this is not the end of the appreciation of the zloty against the Swiss currency – notes Zajkowski.

He added that the dollar is relatively stable, and this trend is not disturbed even worse than expected data on economic growth in the United States for the fourth quarter of last year. – In the next week, there will a lot of important data from the US. If they also bring disappointment, the dollar should weaken, and the USD / PLN fall to 3.65 – predicts Zajkowski.

MM, PAP

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