The Minsk agreement is a good signal to the zloty. The insecurity of the investors was already visible. What does it mean? The euro will fall below 4.20 and the franc above 4.00. If some sorts of a road guide regarding Greece set up in the week to come, the zloty should strengthen by 0.03 - 0.05 PLN. After several hours of negotation the Minsk agreement has been reached.
The main news of the day presented during the short Putin speech was a total ceasefire since February 15. The leaders have also decided on setting out the military area 70km wide and confirmed the will to draw back the heavy artillery. President Petro Poroshenko also confirmed the project of the power decentralisation and Kiev was given 30 days to decide on the special status of Donetsk and Luhansk.
Marcin Lipka, Cinkciarz.pl analyst