__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.
Mario Draghi’s speech with significant impact on the market. The EUR/USD is getting closer to the 1.13 mark and the yields on German debt are soaring by 7 bps. The zloty is lower to the euro but still remains fairly strong. The dollar is falling around half of one percent to the PLN.
During the afternoon’s trading on the currency market, investors have still been observing the effects of the morning Mario Draghi speech. The EUR/USD is quoted around 1.1280 level which translates to 100 pips appreciation comparing to the beginning of the European session.
Besides the move on the main currency pair there are also significant changes on the fixed income instruments in the euro area. Yields on 10-year German bonds rose by 7 bps. The scale of the rise is quite high taking into account their overall low level at 0.31%.
It is hard to say whether today’s ECB chief speech will be a groundbreaking moment for the monetary policy in the euro area. It is possible, however, that we may be witnessing the beginning of a gradual move which will finally translate into suggestions to withdraw from QE in the latter part of 2017. Moreover, if the the US data remains uninspiring we could see a convergence of the monetary policy not the divergence predicted just a few months ago. It would be a positive signal for the EUR/USD.
In the perspective of the forthcoming hours, it is worth remembering about Janet Yellen’s speech. It is scheduled for 19.00 CET. She was fairly hawkish during her press conference after June’s FOMC meeting. A similar stance today may put some sort of limit on the EUR/USD appreciation. However, if the Fed’s chairwoman focuses somewhat on the negative data from the US economy the dollar may weaken further pushing the EUR/USD above 1.1300 level to 9-month high.
ECB and the zloty
Less dovish ECB is not an element which may push the zloty higher. However, if the central bank policy is an effect of the improving economy of the common currency, it should create a neutral scenario neutral for the EUR/PLN.
The EUR/USD appreciation, however, brings more selling pressure for the dollar in relation to the zloty. The USD/PLN is getting closer to more than the 18 month lows (3.70) seen at the beginning of June. Moreover, if the market remains sceptical regarding future interest rates in the US, it is possible that the dollar will be pushed to the 3.65-3.70 range. It would be the lowest level since October 2015.
See also:
Daily analysis 27.06.2017
Afternoon analysis 26.06.2017
Daily analysis 26.06.2017
Afternoon analysis 23.06.2017
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.