__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.
A change in the situation before the beginning of the US stock market session - the dollar incurred losses and fell to the lowest level in a week. The zloty has been gaining on USD weakness - changes have not been large, but the USD/PLN pair has fallen to the lowest level since Thursday.
The euro has pared some losses
Today's trading day on the FX market (till 3.00 p.m. CET) may be summarised as calm. Changes in the main currency pairs have been limited, and their levels have been close to those from the end of previous week. This has been due to the limited macroeconomic publication calendar.
This week, investors' attention may be primarily focused on the central bankers' conference in Jackson Hole (USA). On Friday, Janet Yellen (the president of the Federal Reserve) and Mario Draghi (president of the ECB) are scheduled to give speeches.
Draghi's speech will probably attract most of the market's attention. For a long time, there has been speculation about the possible winding down of the ECB’s bond-buying program. Some market participants may expect details of QE tapering in the context of an improving eurozone economy as well as gradually increasing inflation.
As a result of these speculations or of the anticipations of news agency reports, fluctuations in the dollar and the euro exchange rate may lead to an increased range of price movements in the last days of the week.
Today until midday, the euro has lost slightly, while the dollar has gained. With the coming session of the US stock market and increased activity of US investors, the situation has reversed.
The dollar incurred losses, but similarly to midday the changes have been small (approx. 0.2%). It has been enough to push down the dollar index (DXY) to the lowest level in a week (approx. 93.15 points). The EUR/USD pair has pared morning losses and risen from 1.173 to 1.179 - its highest level since the early hours of last Thursday.
Weak dollar has been helping the zloty
Once again, we have now observed the relationship between the dollar and the condition of the zloty in relation to the main currencies. The aforementioned dollar weakness just before the start of the US stock market session triggered zloty appreciation, although the change was not large (up to approx. 0.3%). Globally, the weaker dollar meant that the USD/PLN fell to around 3.62, which is close the lowest level since August 8.
A weaker dollar may help the Polish currency, but a further decrease of sentiment and declines on the US stock exchange could worsen the current situation of the zloty. However, the potential for significant changes in the zloty's value seem to be limited. On the one hand, strong GDP growth and still high consumption and industrial production levels have been supporting the zloty, but on the other hand, political risk will continue to limit its growth potential.
It is also worth noting that the Polish currency has been sensitive to sentiment changes in the market (especially decreases) and may be subject to significant changes in response to external factors. Therefore, the weakening of the dollar, connected with significant declines in headline US indexes, may lead to the weakening of the zloty.
Tomorrow's preview
Tomorrow at 11.00 p.m., the ZEW Institute will publish August's economist sentiment index for the eurozone and Germany. The index for the single currency area has been steadily rising for a year, emphasizing the improving condition of economies in the eurozone, which also has been strengthening the euro.
This index has also been at a relatively high level for the largest European economy, despite the fact that through the past two months it has incurred losses, mainly due to lower expectations of the future economic situation.
The median of market expectations in both cases suggest a further decline in this index in the aforementioned cases, up to 34.2 and 15 points respectively for the eurozone and Germany. Although the data itself will likely have limited impact, in the context of no other relevant publications it may give investors a pretext for a noticeable reaction in the euro valuation.
In the case of reading below the expectations, the euro especially could incur some losses and downward pressure. This might also be increased by the minutes from the last ECB meeting, which pointed out the possible overshooting of the euro rate.
See also:
Daily analysis 21.08.2017
Afternoon analysis 18.08.2017
Daily analysis 18.08.2017
Afternoon analysis 17.08.2017
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.