14:22 4 November 2024
ProStream: if Trump wins US election, złoty may weaken above 4.4 per euro
If Donald Trump wins the upcoming U.S. presidential election and gains full control of Congress, Poland’s currency, the złoty, could weaken against the euro to over 4.4 (from 4.34). Conversely, a Democratic win may slightly strengthen the złoty, according to Tomasz Kudela from ProStream. Kudela notes that the election hinges on a small number of voters in swing states, with betting markets currently favoring Trump due to his economic experience, seen as critical in these elections.
A Trump victory could prolong trade tensions with Europe and China, impacting European economies and slowing Poland's GDP growth. Both the presidential and congressional elections may shape significant currency shifts depending on the outcome.
(ISBnews)
