__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.
Yesterday, the final PMI data from the eurozone were published and were above expectations. Today the sales growth is stronger - as a result, hopes for a slight recovery in the Q1 are growing. Prices in Poland in December rose at the fastest pace since the end of 2012. Inflation at the level of 3.4% is mainly caused by food prices which are higher by 7.0% than a year ago.
Currencies underestimate geopolitical tensions
Other positive signals from the eurozone. After yesterday's better than expected final PMI (services and aggregate) index data, today's retail sales data have come as a positive surprise. Sales increased in November by 2.2% annually, 0.7 percentage points above expectations. The October data were also revised upward by 0.3 percentage points. This does not yet cause euphoria, but it may reinforce the argument about a slow rebound from the economic downturn in the eurozone, which may support the euro even more when other macro readings confirm this trend.
The EUR/USD exchange rate is closed in the range of approx. 1.11-1.12. One factor that may potentially strengthen the dollar and bring the EUR/USD exchange rate closer (or below) to this lower limit is an increase in geopolitical tensions. Although the foreign exchange market has reacted very calmly to the tense situation between Iran and the US, the retaliatory action by the Iranian side may meet with increased demand pressure on the dollar. The absence of a substantial escalation of the conflict may, however, support the euro's valuation against the dollar in the coming months, given that central banks in both regions will leave interest rates unchanged this year, and we can observe a slight recovery in the eurozone.
The PMI data published yesterday (slightly better than expected) from the eurozone and the EUR/USD quotation growth supported the zloty. The zloty's basket was clearly stronger than the main currencies this morning. The EUR/PLN exchange rate, falling to 4.23 this morning, set the new lowest rate since the end of April 2018. Shortly afternoon, however, a slight rebound of these increases (approx. 0.3%) against the main currencies was observed and the EUR/PLN exchange rate rose again above 4.24, while the USD/PLN exchange rate approached 3.80. These are still relatively low levels, however, and the market situation supports the currencies of emerging countries, including the zloty.
Food in Poland more expensive by 7%
The Polish currency could be supported by data on consumer inflation (CPI) in December. Prices in Poland increased on average by 3.4% annually, according to the Polish Central Statistical Office (GUS) estimate, by 0.6 percentage points above expectations and 0.8% above November's level. Such a rapid inflation growth was caused by food (and soft drinks), whose prices increased by 7.0% year-on-year. The December inflation level still remains within the deviation range from the NBP's inflation target, and after eliminating food prices - the (core) inflation did not increase so strongly. A one-off reading of inflation including food is unlikely to change the Polish Monetary Policy Council's approach fundamentally, but the message from MPC members, may be a little more hawkish, which may strengthen the zloty. However, it is hard to expect interest rates to rise in the coming year (without a strong, sustained increase in core inflation) when the largest central banks in the world are holding back on rate changes.
See also:
The investment of a decade: Bitcoin, of course
Can we say that the trade agreement is a done deal? (Daily analysis 31.12.2019)
Dollar's weakening continues (Daily analysis 30.12.2019)
Holiday trading in good spirits and with a relatively stronger dollar (currency commentary of 24.12.2019)
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.