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Duda Travels To US, Will Meet With Trump Tonight

POLAND
  • The zloty underperformed all its EMEA peers Tuesday, with EUR/PLN adding 1.4% while the WIG20 Index took a nosedive. The zloty's weakness was commonly attributed to wider geopolitical risk and greenback strength rather than any specific domestic catalyst.
  • President Andrzej Duda will tonight meet with Donald Trump for a dinner at Trump Tower in New York. Duda has long been boasting his relationship with the former US President and current presidential hopeful, in contrast with Prime Minister Donald Tusk, who repeatedly criticised Trump for his comments on NATO. Tusk called on Duda to use his relationship with Trump and urge him to facilitate aid for Ukraine.
  • Super Express reported that PM Donald Tusk could take on the state assets portfolio if current minister Borys Budka gets into the European Parliament. Budka has not yet confirmed his intention to run in the European election.
  • DGP reported that data from 12 out of 16 of the country's regions showed that firms are speeding up lay-off plans and were looking to fire almost 8,000 workers in 1Q24.
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