Uncertainty around Iran may affect Polish złoty

The geopolitical tension around Iran may cause investors' aversion to the Polish złoty, head of sales and education at CMC Markets Maciej Leściorz said. There are speculations that President Trump may soon announce new sanctions on the Ayatollah state. The EUR/PLN exchange rate on Thursday morning was 4.2640, the USD/PLN pair traded at 3.5950, while GBP/PLN at 4.8570. Correction movement on the złoty is primarily the result of a rebound on the EUR/USD pair. In previous weeks złoty was a "victim" of the growing dollar.