Polish zloty (PLN) Exchange Rates & Currency Deals

Bias Bearish-to-range-bound USD/PLN; current price sits below its 90-day average and in the lower half of the three-month range. USD/PLN may drift toward the lower end as the Fed eases later and PLN stays cautious. Key drivers - Rate gap: the US Federal Reserve is expected to ease later while the Polish central bank has paused cuts and stays cautious, supporting the USD against PLN. - Macro: markets expect the Fed to ease gradually toward neutrality, keeping the dollar supported in the near term. Range Expect a drift toward the lower end of the three-month range, with occasional tests of the lower boundary. What could change it - Upside risk: stronger US payrolls data or signals that the Fed will delay further cuts, lifting USD. - Downside risk: softer US data or a clearer path to rate cuts, weighing on USD