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Daily analysis

Daily analysis 06.07.2017

The Fed minutes were slightly less hawkish than expected. A series of macroeconomic publications from the US may shape the dollar’s sentiment. The zloty gained value during yesterday afternoon’s trading, but in the morning the EUR/PLN returned toward 4.24-4.25.

Afternoon analysis 05.07.2017

The dollar strengthened before FOMC’s minutes. Chances for the euro to gain were lowered after Benoît Cœuré’s comments. The appreciation of the US currency didn’t help the zloty which remained under pressure.

Afternoon analysis 04.07.2017

A relatively calm trading day, although volatility could increase as soon as tomorrow around the publication of the recent FOMC’s meeting minutes. The zloty didn’t see much change today, however, the Polish currency could be under significant pressure should the dollar visibly strengthen.

Daily analysis 04.07.2017

Solid manufacturing ISM reading from the US is pushing the treasuries yields higher. A more hawkish stance in developed countries may threaten the EM currencies. The zloty is weaker with EUR/PLN trading in 4.24-4.25 range. The second part of the week is important for market participants.

Afternoon analysis 03.07.2017

The dollar made up some of the losses before Independence Day. Slightly worse sentiment towards the Polish currency could be observed, although significant price movements are yet to come.

Daily analysis 03.07.2017

Eurozone manufacturing PMI index at new 6-year highs. Readings from the UK and more Brexit speculations. The Polish manufacturing activity below expectations. Slightly weaker zloty. The EUR/PLN close to 4.24 level.

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