Traders can expect Poland’s relationship with other EU member states to be a major influence on USD to PLN news. Any decisions or events that point towards Poland’s adoption of the Euro can be expected to have a heavy impact on the value of the Zloty. It will have implications for the USD to PLN rate – and, indeed, its future availability as a forex trading instrument.
In the short-term, Poland’s expected economic growth could be a significant driver of the USD to PLN rate. Much depends on its trading links with the rest of Europe. Exports are worth more than half of the country’s national GDP. It benefits from trade links with Germany in particular – and the USD to PLN pair can be impacted if demand from key partners falls.
Poland’s economy has shown great resilience, however. It was the only European country that did not experience a recession during the global financial crisis. One reason for this and Poland’s stable currency is due to its government. By keeping watch over inflation, the government has been able to take steps to underpin the Zloty’s value – and the stability of the USD to PLN pair.
US factors also affect the USD to PLN rate. The Dollar is regulated by the Federal Reserve. Any announcements from the Fed are likely to affect this pair and traders should be aware of these. Bilateral relations between the two are also crucial. US imports from Poland reached an all-time high in 2019. While Poland offers tariff-free access to the EU, it is also bound by its wider rules.