__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.
The worse, the better. Disturbing data from the US labour market fuelled the belief that Joe Biden's administration will move quickly with fiscal relief. The optimism is spreading across the financial markets, which means stronger emerging market currencies and a weaker dollar.
New all-time highs on Wall Street and strong rallies in the oil price, which exceeds 61 USD on the London Stock Exchange, clearly illustrate the level of risk appetite. The US dollar is weak and has almost completely given up last week's over 1% appreciation against the main currencies. The EUR/USD pair is going up towards 1.21 mark. The pound sterling remains very strong on the global markets. The vaccination program's efficient course drives its rally – every twentieth citizen will be vaccinated within days. The perception of the currency is positively influenced by the Bank of England abandoning the idea of reaching for negative interest rates.
Improving epidemic situation elevates oil and the krone
The current optimistic market sentiment results not only from the growing conviction that after the weak US labour market data (described in Monday's analysis), Joe Biden's administration will speed up work on a new fiscal package that could amount to 8-9% of the US GDP. The pursuit of yield in risky markets is also a derivative of the US's improving epidemic situation. The number of new Covid-19 cases has fallen to levels last seen in November. Moreover, it is half of what it was just a month ago. Suppose we join this with the fact that more than 12% of US citizens have already been vaccinated. In that case, it clearly explains why oil is growing strongly while waiting for the lifting of restrictions and mobility limitations. At the same time, the Norwegian krone, which is among the currencies most strongly linked to the crude market, is leading the stakes of the main currencies in the last few market hours. The outlook for the Scandinavian currencies is positive – they should remain strong, but the room for continued growth in their value has mostly run out.
See also:
Dollar goes in red after US labour market data (Daily analysis 8.02.2021)
The U.S. dollar bull trend faces a significant test (Daily analysis 5.02.2021)
The U.S. dollar climbs despite strong risk appetite (Daily analysis 3.02.2021)
The USD trades bid (Daily analysis 2.02.2021)
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.