Cinkciarz.pl continues to be 11th on the list of the 500 largest companies in Poland. According to the prestigious ranking of the daily magazine, Rzeczpospolita, the company is among the most resilient companies in the country.
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The Conotoxia AI app gives users quick and convenient access to information on current exchange rates. The app supports the conversion of the 24 currencies available at Conotoxia.com and presents real time exchange rates.
"The record weak currency and rampant inflation illustrate the disastrous state of the Turkish economy. This is also confirmed today by the fact that the rating has been downgraded deeper to a junk level. What is worse, the available data indicate that the economic situation by the Bosphorus will deteriorate even further," writes Marcin Lipka, Conotoxia Senior Analyst.
"Even though the prices of agricultural commodities are at their lowest in 27 years, food consumers will not benefit. The recent deepening of price falls is largely due to growing concerns about the trade war. This generates an inefficient use of resources and will hit households sooner or later," writes Marcin Lipka, Conotoxia Senior Analyst.
The zloty ultimately bent under the pressure of a stronger dollar. Weaker than expected data from the US real estate market may slightly limit its growth potential, but Jerome Powell's testimony to the Congress may turn out to be more important.
The US currency continues its upward trend after the speech of the Federal Reserve Head (Fed). The zloty is supported by data from the Polish economy: higher pace of industrial production and producer inflation. The next day of the Head of the Fed's speech to Congress may provide increased volatility.
The British currency depreciates due to uncertainty about Brexit. Industrial production in the US increased in June, but the decline in May was more pronounced than expected. The zloty is relatively stable.
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