Feb 9 • 11:02 UTC 🇵🇱 Poland Rzeczpospolita

The dollar has weakened. The złoty benefits

Improved sentiment on global markets supports the Polish złoty's increase against major currencies, particularly the US dollar, which slips to 3.55 zł.

On Monday, the Polish złoty gained strength against major currencies, especially in the context of recent global market improvements. The US dollar notably decreased to 3.55 zł, while the euro was slightly stronger at around 4.21 zł, and the Swiss franc stabilized near 4.60 zł. This trend reflects a shift in market sentiment following last week's volatility in stocks, commodities, and cryptocurrencies.

The global market displayed renewed risk appetite as geopolitical tensions eased, positively influencing trading dynamics. The exchange rate for the EUR/USD currency pair saw a significant rise, pushing towards 1.19. Analysts noted a sense of optimism, particularly as no new risk factors emerged over the weekend, especially concerning Iran, which alleviated some of the uncertainties that had previously hindered market performance.

This appreciation of the złoty highlights a potential trend in investor confidence and currency stability that could benefit the Polish economy in the short term. However, financial experts warn that ongoing geopolitical developments require continuous monitoring to assess their impact on foreign exchange rates moving forward.

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