EUR/PLN to settle below 4.34 – ING

The Polish Zloty (PLN) has suffered in recent days. Economists at ING analyze PLN outlook.

PLN is now the only currency in the CEE region supported by higher rates

PLN is now the only currency in the CEE region supported by higher rates. On the other hand, heavy long positioning in the FX market will be a problem for bigger gains.

For now, we expect EUR/PLN to settle below 4.34 and we'll see how much the market takes back the dovish bets built in the last few days.