__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.
On Tuesday the risk aversion prevailed in the markets. The euro went up against the dollar after economic reports. The zloty was rather steady near its low level.
Today Turkey downed the Russian plane near the Syrian border. The event resulted in a spike in risk aversion in the financial markets. As a result, investors sold high-yielding assets and moved to safe-haven assets.
Given the situation, the European and the US markets dropped. The German market declined almost 2 percent and the US futures moved down about 0.6 percent. In Warsaw, the WIG20 Index dropped more than 2 percent.
A similar situation prevailed in the bond market. Yields on the German bonds dropped below minus 0.4 percent for the first time in history and the US bond also gained. Yield on the US papers dropped to 2.21 percent - the lowest level in three weeks.
Lira and rouble
The currencies of countries involved in the incident dropped significantly. The lira dropped almost 1 percent against the dollar and the rouble declined about 0.5 percent. In contrast, the currencies perceived as safe-havens increased. The Swiss franc and the Japanese yen posted gains.
The tendency will be conditioned on the further developments. The comments from Moscow were severe, which suggests the tensions will hold for a longer time. All in all, we expect that this factor will affect the markets only in the short term and its impact will diminish in the longer term.
Today's economic reports from the eurozone and the United States did not change the expectations concerning the monetary policy. The revised data on the US GDP showed the economy expanded 2.1 percent against the 2 percent that was forecast. It was in line with the projection. In contrast, the Ifo index from Germany was better that forecast. It was additional signal that the emerging market economies slowdown is not hurting Germany.
Today there was no factors strong enough to alter the expectations before the ECB and the fed decisions on interest rates. As a result, the EUR/USD was steady at the low level near 1.0650.
Steady zloty
On Tuesday the zloty was relatively steady. The Polish currency was not affected by the heightened risk aversion. The dollar stood little below 4 zloty. The US currency was near the highest level in more than 11 years. The zloty gained against the pound. The move was caused by the pound's drop in the last three days. However, the pound stayed above the 6 zloty level. It was the highest level in more than a decade.
Rising divergence among the European Central Bank and the Federal Reserve will determine the situation in the currency market in the longer term. As a result, December may bring spike in volatility after the major central banks will start to change policy. Moreover, heightened risk aversion is not helping the emerging market currencies.
As a result, it is quite likely that the zloty will stay at the low level in the longer term. The probability of a stronger zloty is currently limited.
See also:
Daily analysis 24.11.2015
Afternoon analysis 23.11.2015
Daily analysis 23.11.2015
Afternoon analysis 20.11.2015
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.