USD/PLN Momentum Stalls: Is It Time To Bank Gains?

USD/PLN rose about 4% in roughly a month and reached a year-to-date high near 3.7760 on June 25, 2026, but the rally has stalled over the last three trading sessions. The article frames the move as a consolidation phase after a dollar surge driven by risk aversion and U.S. economic resilience. It notes that softer safe-haven demand, easing commodity/energy anxieties, and Poland’s comparatively strong fundamentals have reduced immediate upside for the dollar. With Polish inflation easing to 3.1% in May and the National Bank of Poland still unlikely to cut aggressively, the zloty has some support. Overall, the piece suggests traders may consider partial profit-taking near resistance around 3.7700, while future direction will depend on U.S. data, Federal Reserve/NBP policy expectations, and geopolitical developments.