__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.
Although the changes are limited, the zloty is among the weakest currencies of emerging countries in the afternoon, after worse than expected data from the Polish industry for August. Next Wednesday is important for the euro and also for the zloty due to PMI publications.
The euro and the dollar quotations fluctuate little, but the dollar does not depreciate
In the afternoon, there was a decrease in supply pressure on the dollar. The EUR/USD quotations after reaching about 1.1870 even before midday, in later hours dropped to about 1.1840, approx. 0.1% below yesterday's closing. The changes on the broader market were therefore limited, which was also supported by the lack of significant macroeconomic publications.
However, the minimal recovery of the dollar, combined with slightly weaker data from the industry sector in Poland published this morning, resulted in a gradual increase in the supply pressure on the zloty. Even before the beginning of quotations on the New York Stock Exchange, the zloty was, apart from the ruble, the lira and the real, the weakest currency of the emerging countries.
Data from the Polish industry do not help the zloty
These were not significant changes - they were within 0.3% in relation to the main currencies. However, they may highlight the potential vulnerability of the zloty if we observe a strengthening of the dollar and/or a worsening of global sentiment (resulting in increased risk aversion). In such a scenario, the Polish currency may be under increased supply pressure, especially considering that it was one of the fastest appreciating currencies in previous weeks, benefiting from the depreciating dollar and positive perception of coping with the pandemic in the EU.
By the end of the day, quotations on the broader market should be relatively calm. Preliminary data from the University of Michigan on the US Consumer Sentiment Index will be published, but they should not considerably change the current market situation. If the data do not disappoint (minimal improvement is expected) and the supply pressure on the dollar does not increase again, the zloty will probably end the week in a slightly weaker condition.
PMI will give more clarity about the increase in activity
However, next week may be important for both the euro and the zloty. On Wednesday, the IHS Markit will publish preliminary data of the PMI activity indexes of industrial and services sectors in the eurozone and major economies for September. Minimal improvement in industrial activity growth is expected as well as maintaining the current growth pace in services.
PMI data for September may to some extent answer the question of how sustainable is the increase in activity in economies emerging from the closure that we observed in previous months. The increase in activity in each subsequent month may come more and more difficult, and if PMI data on Wednesday fail, the supply pressure on the zloty may increase.
See also:
The Brexit issue looks slightly more optimistic (Daily analysis 18.09.2020)
No rate increase before the end of 2023 (Daily analysis 17.09.2020)
Dollar closed in a narrow fluctuation range (Afternoon analysis 16.09.2020)
The dollar is weaker before the evening events (Daily analysis 16.09.2020)
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.