__lc_cid
Valid: 3 years
Necessary for proper functioning of the chat available on the website.
__lc_cst
Valid: 3 years
Necessary for proper functioning of the chat available on the website.
rc::a
Valid: It does not expire
Cookies to correctly distinguish between human and bot-generated traffic.
rc::b
Valid: 1 session
Cookies to correctly distinguish between human and bot-generated traffic.
rc::c
Valid: 1 session
Cookies to correctly distinguish between human and bot-generated traffic.
NID
Valid: 6 months
Records a unique number to recognise the device you are using. It is used for advertising.
_ga
Valid: 2 years
Registers a unique user number to collect statistical data about how you use our website.
_gat
Valid: 1 day
Used by Google Analytics to reduce queries. Reduces the amount of statistical data collected.
_gid
Valid: 1 day
Registers a unique user number to collect statistical data about how you use our website.
yt-player-bandwidth
Valid: It does not expire
Determines the best video quality based on your device and the Internet connection used.
yt-player-headers-readable
Valid: It does not expire
Determines the best video quality based on your device and the Internet connection used.
CINKCIARZ_FX
Valid: 1 session
Maintains user sessions.
csrfToken
Valid: It does not expire
Protection against csrf attacks.
user
Valid: It does not expire
Stores information that indicates whether the user is from the USA.
browserId
Valid: It does not expire
Required for trusted browsers to function properly.
collect-bank-#
Valid: It does not expire
usłudze Collect. Remembers the last chosen bank in the Collect service.
collect-country-#
Valid: It does not expire
Remembers the last chosen country in the Collect service.
collect-currency-#
Valid: It does not expire
Remembers the last chosen currency in the Collect service.
social_offer_top20_currency-#
Valid: It does not expire
Remembers the last chosen currency in the Social transactions service (Top 20 List).
social_offer_exchange_buy_fc-#
Valid: It does not expire
Remembers the last chosen currency in the Social transactions service (First currency to buy).
social_offer_exchange_buy_sc-#
Valid: It does not expire
Remembers the last chosen currency in the Social transactions service (Second currency to buy).
social_offer_exchange_sell_fc-#
Valid: It does not expire
Remembers the last chosen currency in the Social transactions service (First currency to sell).
social_offer_exchange_sell_sc-#
Valid: It does not expire
Remembers the last chosen currency in the Social transactions service (Second currency to sell).
#-service-popup
Valid: It does not expire
Remembers choosing "Do not show this message again." when changing providers.
missing-required-fields-form-#
Valid: It does not expire
Records information that the missing data form has been shown to the user.
Today's reports support the tightening scenario in the US. The Monetary Policy Council left rates unchanged. A slightly higher zloty.
More optimistic data from the eurozone. After solid reports from industry, today's data on the service sector were also quite good. The readings showed that the monetary union is not susceptible to the slowdown in the emerging markets (especially in China).
The report showed an increase in orders, which is an important leading indicator. During the previous week, data on unemployment and inflation were also above forecasts. Given the situation, pressure on the European Central Bank to act has been softened. The decision is expected in early December.
Fed is more important
In spite of solid reports from the eurozone, the EUR/USD remained under pressure. Currently, the major factors are the expectations concerning the Federal Reserve. Today's reports support the tightening scenario at the next Federal Open Market Committee's meeting.
The ADP data on employment change was in line with the forecast. Companies employed 182k new workers in October. Employment only dropped in manufacturing. The tendency has been flagged by the ISM report. The ADP reading is a positive hint before the monthly labor market data. The forecast is for a 180k increase in non-farm payrolls.
Moreover, the data on international trade increased the probability of hikes this year. The deficit dropped to 40.8 billion dollars from 48 billion dollars in the prior month. It was above the forecast. In addition, export increased and import dropped - this is a positive tendency which is supporting the GDP growth. Earlier this year, the Fed warned that a strong dollar is hurting the growth. Today's report softened this negative factor.
Lael Brainard from the Fed said that the December decision will be data-dependent. In October the FOMC pointed directly at the December meeting as the possible moment for hikes. Given the recent reports, the probability of tightening is rising.
It is reflected in the dollar's developments. The EUR/USD dropped to the lowest level since early August. This move has been strengthened by signals coming from the ECB. However, the ECB has recently diluted its dovish stance.
Weaker euro
As expected, the Monetary Policy Council left interest rates unchanged. The major rates stood at 1.50 percent. It is the lowest level in history.
Today the zloty basket (against the euro, dollar, pound and franc) posted gains. However, the move was relatively modest. Although the political risk has been limited, the rebound potential is constrained. The major factor responsible for the situation is the Fed. In contrast, the ECB's impact on risk assets is still not visible. Given the situation, the zloty will remain under the influence of expectations concerning the Fed.
See also:
Daily analysis 04.11.2015
Afternoon analysis 03.11.2015
Daily analysis 03.11.2015
Afternoon analysis 02.11.2015
Attractive exchange rates of 28 currencies
Live rates.
Update: 30s
Download our app
Stay tuned and make managing your favourite currency services faster, easier, and more convient. Wherever you are.