Lower inflation pressure in the American economy and significantly lower than expected retail sales overpriced the dollar to a large extent and reduced chances for bigger interest rates cuts. The zloty benefited from good sentiment towards emerging currencies. The USD/PLN at record-lows, lowest since October 2015.
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Lower inflation pressure in the American economy and significantly lower than expected retail sales overpriced the dollar to a large extent and reduced chances for bigger interest rates cuts. The zloty benefited from good sentiment towards emerging currencies. The USD/PLN at record-lows, lowest since October 2015.
See also:
Morning video analysis 14.07.2017
Afternoon video analysis 13.07.2017
Morning video analysis 13.07.2017
Afternoon video analysis 12.07.2017