The new week on the currency markets started very calmly. From Monday, the zloty was slowly making up for successive losses against the currencies, which it suffered mainly a week ago, last Monday. Tuesday morning – no changes. On Wednesday – also, although the pace was weakening and corrections are at the level of PLN 0.01 in favor of the zloty. Is this a good time to buy currencies if someone wants to protect their savings in this way?
It is similar in other markets. On commodity exchanges, oil and gold prices drop slightly, stock exchanges open the week with slight increases in stocks and indices.
This Monday trend continues on Tuesday and Wednesday morning
Basic exchange rates, Wednesday March 16 at 10 am
- CHF: 4.5586 PLN
- Euro: PLN 4.7072
- USD: PLN 4.2828
- British pound: PLN 5.5954
Until At 11.00 the zloty continued to gain slightly against the currencies, on average exchange rates they were 2-3 groszes lower than on Monday, March 14th.
–
What’s next? In the short term, from the perspective of the week, two issues are important. The first one: will there be military cooperation between Russia and China – news of such a possibility appeared over the weekend. Markets anxiously await confirmation or credible denial. If such cooperation took place, another market earthquake awaits us, which is bad news for the zloty and for investors operating on the Warsaw Stock Exchange.
—
