Relatively small changes on the global market. The EUR/USD is still close to two-year-highs. The zloty is very weak today and lost significantly value against the euro, as well as the currencies from Eastern and Central Europe. The EUR/PLN is testing the areas of 4.24, and the PLN/HUF fell to the level of 72.00.
Surprisingly strong changes on the currency market were not confirmed by the movements on the treasury bonds. Despite the strong falls on the USD/PLN and GBP/PLN, the zloty lost value compared to other currencies in the region. The EUR/PLN is within the limits of 4.21 - 4.22.
The EUR/USD grew during the Mario Draghi press conference, regardless of a relatively dovish message from the ECB. Movements on the zloty are rather calm, despite high volatility on the global market.
The ECB’s message may be key to the euro performance. Elevated range in UK retail sales projections. The zloty will be affected by the ECB message today. The EUR/PLN is traded around 4.21.
Slightly better data from the American economy with no significant influence on the dollar. The zloty continued its slight weakening. Mixed data from the Polish economy - solid production growth, but also slightly worse retail sales.
Limited depreciation of the EUR/USD at the beginning of the European session. Investors are waiting for the ECB meeting. Readings from the Polish economy express a limited impact on the PLN. The zloty remains strong and stable.