Euro at 4.31 PLN — economists expect zloty to strengthen further

On Tuesday morning, the euro traded at 4.3061 PLN and the dollar at 3.6945 PLN. The zloty is being supported by an improving economic climate in Poland's main trading partner and falling global oil prices. BOŚ economists expect EUR/PLN to stabilise around 4.30, while ING analysts see a scenario in which the zloty breaks below that level and strengthens by at least one grosz.