19 Feb 2015
EUR/PLN seen at 4.15 in 1-month view – Danske Bank
FXStreet (Edinburgh) - The polish zloty could pick up pace in the next periods, pushing EUR/PLN to the area of 4.15 within the next month, suggested Lars Christensen, Chief Analyst at Danske Bank.
Key Quotes
“The zloty has rebounded from the relatively weak levels of January and we are looking for a further appreciation of the zloty in the near-term”.
“The zloty is both supported by a moderately more positive outlook for growth as well as the ECB’s QE programme and with yields and rates coming down across Europe the zloty looks increasingly attractive from a carry perspective”.
“We lower our 1M, 3M, 6M and 12M EUR/PLN forecasts to 4.15, 4.10, 4.10 and 4.15 from 4.30, 4.30, 4.30 and 4.30, previously”.
Key Quotes
“The zloty has rebounded from the relatively weak levels of January and we are looking for a further appreciation of the zloty in the near-term”.
“The zloty is both supported by a moderately more positive outlook for growth as well as the ECB’s QE programme and with yields and rates coming down across Europe the zloty looks increasingly attractive from a carry perspective”.
“We lower our 1M, 3M, 6M and 12M EUR/PLN forecasts to 4.15, 4.10, 4.10 and 4.15 from 4.30, 4.30, 4.30 and 4.30, previously”.