The increasing number of coronavirus infections in Poland

The Polish zloty fails to gain support from the optimism in the region’s stock market. Prices of the euro to Polish zloty trading pair are projected to rally and hit their resistance level by the first half of September. Vaccine hopes have greatly improved the optimism in the global markets. However, the increasing number of coronavirus infections in Poland is helping the cause of bullish investors. Just recently, it was reported that the number of confirmed cases in Poland jumped to more than 63,000 according to the Polish Ministry of Health. However, compared to other countries around the World, Poland’s outbreak isn’t that big. On the other hand, the slight improvements in the US-China trade talks supported the cause of the euro. Just recently, it was reported that the two feuding sides finally held a phone call which boosted the optimism and risk sentiment in the market. Aside from that, the positive economic data from the euro is also helping it to remain strong.