UBS expects the US dollar to remain supported against the Polish zloty in the near term due to firm US data and a hawkish Fed, leading to upward revisions in currency forecasts. A medium-term appreciation of the zloty is anticipated as interest rate differentials narrow and global trade risks moderate.
Key Takeaways
- 1.Recent firm US economic data and the Fed's hawkish rhetoric support the US dollar against the zloty in the near term.
- 2.End-of-quarter USDPLN forecasts revised upward to account for near-term USD strength.
Table of Contents
- Our view and risks
- Key drivers
- Appendix
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Authors
Pietro SantinTilmann Kolb
Securities
USDPLN
Themes
Fed Monetary PolicyGeopolitical RiskFiscal Consolidation
Regions
GlobalMiddle EastUnited StatesPolandUkraine