Polish zloty (PLN) Exchange Rates & Currency Deals

Bias USD/PLN bears-to-range, trading below the 90-day average (90-day moving average) in the lower half of the 3-month range as PLN resilience grows. Fed easing anticipated later in 2026 while NBP paused, keeping policy tighter than the US. Key drivers - Rate gap: The Fed is expected to ease later in 2026 while the NBP has paused rate cuts, keeping policy tighter than in the US. - Macro factor: Poland's economy is projected to grow in 2026, supported by EU funds, boosting PLN resilience and investor confidence. Range Expect the pair to drift within the recent three-month range, with only light moves toward the lower end and few tests of the upper extreme, as traders await US data and Polish economic signals. What could change it - Upside risk: firmer US data or a hawkish Fed tilt could lift the dollar and push USD/PLN higher, especially if credit conditions tighten. - Downside risk: faster pace of Polish rate cuts or an unexpected boost to the zloty from EU funds could push USD/PLN lower