ING
2026 FX Outlook
LIVE10 November 2025USD bearish
Back to CurrenciesBullish
USD/PLN
PLN supported by EU fund inflows, NBP holding rates, and strong domestic growth.
ING Forecast Path
Cross-Firm Forecast Comparison
Key Drivers
EU fund inflows
NBP on hold
Strong domestic demand
Regional growth spillover
All Firm Targets (Dec '26)
INGBullish3.38
JPMBullish3.38
GS3.35
BARCBullish3.35
MUFG3.32
MS3.30
BofABullish3.28
DBBullish3.25
Analysis Summary
PLN supported by EU fund inflows, NBP holding rates, and strong domestic growth. One of ING's preferred CE3 longs for 2026.