21:17 7 May 2026
Reports of de-escalation in Middle East helping Polish currency
Current EUR/PLN levels around 4.20–4.25 appear justified in the long term, according to Michał Jóźwiak from XTB. He said the Polish złoty has been driven mainly by global sentiment this year, particularly developments related to tensions between the US and Iran. Recent signs of easing geopolitical risks and progress toward a memorandum between the two sides have reduced the likelihood of further conflict escalation, supporting stability in the Polish currency.
Jóźwiak noted that upcoming US labor market data, especially the nonfarm payrolls (NFP) report, could significantly affect expectations for Federal Reserve policy and, in turn, currency markets. Strong US jobs data could support higher US interest rates and strengthen the dollar, while weaker figures might increase pressure for monetary easing, weakening the dollar and potentially benefiting the złoty.
