__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.
June's PMI indexes from the eurozone support positive market sentiment. Companies are optimistic about the future. The dollar is depreciating, supporting, among others, the zloty.
US-China agreement - is it still on?
There have been many emotions in the market for several hours. During the Asian session, Peter Navarro, one of the White House's chief negotiators, suggested the end of the US trade agreement with China in a TV interview for Fox News.
This scared market participants and increased risk aversion. However, a little later, President Donald Trump ensured on Twitter that the agreement was still valid. Navarro himself also said that his statement was taken out of context.
However, this shows that the market is still sensitive to information about the US-China agreement. The topic may become more important as the US elections in November approach.
Currently, the market is much more focused on recovery from closure and the associated increase in activity. Today, data from this front exceeded expectations.
France as leader of the eurozone
In the morning, IHS Markit published preliminary readings on the PMI indexes of the industrial and services sectors for the eurozone in June. Both sectors are still in recession (below 50 pts.), but the indexes at 46.9 pts. and 47.3 pts. were 1.9 and 5.8 pts. above expectations, respectively.
Compared to the largest economies, France stood out particularly well with indexes for industry at 52.1 points and for services at 50.3 points. Not only did these values significantly exceed expectations (by 5-6 points), but they came out of recession. The increase in activity in the French industry proved to be the strongest since February 2018.
Since February, such optimism has not been seen
Among the few components which continued to record declines were new orders and export orders reflecting subdued demand, but there was also a positive element. The mentioned orders recorded the smallest drops since the introduction of the restrictions in March.
Eurozone companies' confidence as regards the future prospects for the coming year has increased to its highest level since February. Although the data are optimistic, demand is likely to remain subdued, and the following months may no longer abound in such significant increases.
The EUR/USD with the highest exchange rate since a week
Strong data from the euro area reinforced the prevailing optimism in the market, weakening the dollar. Last week the dollar was gradually recovering. Today, however, the EUR/USD pair rose back above 1.13, the highest level since the week. We are still within a limited fluctuation range, however, with the US currency currently in a slightly weaker condition.
It is also a good scenario for emerging country currencies (EM), including the zloty. The Polish currency has also moved in the last two weeks or so within a limited range of volatility, as has the broader market. Good data from the eurozone and the globally weaker dollar brought the main currencies against the zloty into the lower limits, reversing the losses incurred due to the dollar's appreciation last week.
The EUR/PLN exchange rate fell to approx. 4.43 PLN and the USD/PLN exchange rate fell to approx. 3.92 PLN, the lowest levels in a week. The future fate of the Polish currency depends on changes in sentiment in the broader market and the dollar. This sentiment has now been supported, hence a significant weakening of the zloty in the coming days is unlikely to be expected.
See also:
The dollar is weaker, but the fluctuation range is limited (Daily analysis 22.06.2020)
Dollar tries to pare losses (Afternoon analysis 19.06.2020)
Positive reports on trade (daily analysis 19.06.2020)
The dollar shows signs of activity (Daily analysis 18.06.2020)
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.