The ECB reduces QE but also suggests to keep interest rates unchanged at least through Summer of 2019. The market may start speculating that the benchmark will not be hiked at all in this cycle. The EUR/PLN remains fairly stable but the USD/PLN jumped to 3.66 level.
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14 Jun 2018 9:22
Hawkish Fed, softer dollar (Morning video analysis 14.06.2018)
The ECB reduces QE but also suggests to keep interest rates unchanged at least through Summer of 2019. The market may start speculating that the benchmark will not be hiked at all in this cycle. The EUR/PLN remains fairly stable but the USD/PLN jumped to 3.66 level.
See also:
Hawkish Fed, softer dollar (Morning video analysis 14.06.2018)
Weaker dollar (Afternoon video analysis 13.06.2018)
Before the Fed (Morning video analysis 13.06.2018)
Waiting for inflation (Morning video analysis 12.06.2018)