__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's afternoon market growth in the US was observed and today's European market calmed the sentiment. The zloty remained stable, but the dovish tone from today's MPC or further declines in the USA may weaken the dollar even further.
The most important macro data (CET - Central European Time). Surveys of macro data are based on information from Bloomberg unless noted otherwise.
Sentiment cooled down
Yesterday an over 2% rebound of the main US indexes, which improved the market sentiment, was observed. In the morning, the European indexes were at around 0.5%. This is a good signal for the zloty. Yesterday afternoon, it pared losses as the US indexes grew rapidly. The zloty's quotations were stable in the morning and were within the range observed in previous days - one euro cost around 4.155 PLN and one dollar cost 3.36 PLN.
The dollar stayed within yesterday's closure levels. The dollar index (DX), measuring its strength in relation to the six main currencies, was around 89.5 points (the same as yesterday evening). Also, the EUR/USD quotations remained relatively stable and were slightly under the 1.24 boundary.
At 8.00 a.m. Destatis published December's data on industrial production in Germany. The production scored a decrease of 0.6% (0.4% was expected) on a monthly basis; the previous month's data was revised downward by 0.3 percentage points. However, while looking at the previous two years, production also declined in December, so December's fall (even limited) may be ignored by the market. Mainly due to the fact that yesterday's industrial orders data for December was optimistic. New orders increased by 3.8% month-to-month (0.7% was expected). This may suggest that the production will increase in the coming months.
The currency market reaction to this data was limited. There aren't many macroeconomic events in today's calendar. However, the Federal Reserve's members have their speeches today, i.e. Robert Kaplan (12.00 p.m.) and William Dudley (2.30 p.m.), it is likely that they will not introduce anything that may cause a significant impact on the dollar's quotation and on other currencies, including the zloty.
MPC important but the US share market even more
The zloty's quotations should stay relatively stable today, although the high volatility of market and today's MPC statement and press conference are also important. Interest rates will remain unchanged, but the Council's message will be crucial.
MPC President, Adam Glapiński, keeps his accommodative stance towards monetary policy - he does not expect any changes in interest rates over the coming year. If the number of MPC members who share his opinion increases and the statement and message from the conference will be very mild, the zloty may depreciate somewhat, although the changes will be rather limited.
The zloty's quotations may be subject to the US market's behaviour in the afternoon. Although stock markets in Europe are appreciating, futures contracts for main indexes in the US are at about minus 1%. The deepening of these declines in the following hours after the opening of the exchange market may have a negative impact on the zloty, given the potential increase in risk aversion and the outflow of capital from emerging countries.
See also:
Zloty in the red (Afternoon analysis 06.02.2018)
Panic sale of shares destroying cryptocurrencies
Illusive sense of peace (Daily analysis 06.02.2018)
Zloty remained strong (Afternoon analysis 05.02.2018)
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.