__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.
Neutral session for the euro. Positive PMI was overshadowed by weaker than expected retail sales. Slight fluctuations observed in the EUR/USD pair support the maintenance of current PLN levels. However, the press conference of the Monetary Policy Council (scheduled for 4:00 p.m.), may weaken the Polish currency a little.
Will dollar appreciate?
Significant day-to-day changes in the equity and bond market have a very limited impact on the currency market. The main currency pair, i.e. the euro/dollar, was only marginally above yesterday's level (just after 3:00 p.m., about 1.1340), and the range in which the rate moved was also very limited.
Today's data was mixed for the euro. PMI activity index of the service sectors for Spain and Italy exceeded the market expectations. The second aggregate readings of these indexes for France, Germany and the eurozone as a whole were also better than the consensus. On the other hand, retail sales in October in the single currency area increased by 1.7% per year, 0.4 percentage points below expectations. September sales increase was also revised from 0.8% to 0.3%.
As a result, the impact on the euro was neutral. The end of the week, however, is full of macroeconomic publications from the US, including Friday's report on the US labour market. If the data is positive for the dollar, it may once again clearly appreciate at the expense of the euro, especially after yesterday's hawkish speech by John Williams, Chairman of the Federal Reserve in New York.
Practically no changes in the EUR/USD pair also translated into calm zloty quotations. The current EUR/USD exchange rate fluctuated between 4.28-4.29 PLN, and to the dollar and the franc around 3.78 PLN. If we do not observe significant fluctuations in the euro-dollar quotation, this situation should support the zloty in relation to the main currencies.
The press conference of the Monetary Policy Council is still a certain risk factor. Inflationary pressure in November turned out to be clearly below expectations and there may appear more dovish statements that could slightly harm the zloty. Clear declarations on the future level of interest rates are not expected; therefore the impact of today's conference is likely to be limited.
Tomorrow's preview
At 2:15 p.m., ADP will publish data on changes in employment in the non-farm sector in the USA in November. The market consensus indicates an increase of 195,000 (compared to 227,000 a month ago). It is likely that only a reading beyond the 160,000-250,000 range would be able to trigger some kind of greater reaction from the dollar. The data gives an overview to investors about employment changes, but it is not always perfectly correlated with the official data from the Department of Labor, which will be announced on Friday.
At 2:30 p.m., a set of further US productivity data for the non-farm sector and unit labour costs in Q3, as well as a trade balance in October, will be published. The median of market expectations is respectively: 2.3 and 1.2 per cent q/q and a deficit of 55 billion USD. The data may give a slight impulse to increase the fluctuation range of the dollar, although ultimately the next publication may have a greater impact.
At 4:00 p.m., ISM will present a report on November service sector PMI level in the US. An analogous index for the industrial sector has far exceeded market expectations. The current consensus for services assumes a slight decrease in PMI to 59.2 points (by 1.1 points compared to October). Another good publication from ISM could strengthen the US currency, which is currently within a very limited fluctuation range, even though equity and bond market movements are significant.
See also:
Cryptocurrency mining becoming less attractive
Market can't find balance (Daily analysis 5.12.2018)
Zloty may weaken (Afternoon analysis 4.12.2018)
Dollar below in red (Daily analysis 4.12.2018)
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.