Quoting its sources in the ECB, Bloomberg reports that yesterday's comments from Mario Draghi were misinterpreted by the market. After this news the stock exchange went up on foreign markets, and the profitability of the European debt and the EUR/USD fell. However, this information did not support the zloty. The EUR/PLN is close to 4.24.
Strong growths of the EUR/USD are caused by more hawkish attitude from the ECB president Mario Draghi, along with a sell out on the global stock exchanges and no dovish signals from the Fed resulted in a significant risk aversion increase on the currencies from the emerging markets. The EUR/PLN is close to the 4.24 level.
Strong growth of the EUR/USD caused the main currency pair to get close to multi-month-long highs. The zloty lost against the euro, but gained significantly against the American currency. The USD/PLN is withing the area of 3.73 - 3.74.
A relatively calm opening of the Tuesday session on the currency market. Statements from the representatives of the central banks in the centre of attention. The zloty maintains the recent growths. The EUR/PLN is around 4.20 - 4.21.
A much worse than expected data from the American economy overpriced the dollar a bit. The market awaits the comments from the central bankers. The zloty benefits from the good data in the region and lower profitability of the American debt.
Fairly muted trading at the beginning of the the week. A series of speeches from central bankers. The zloty is close to Friday’s closing levels. Discussion on the interest rate level target.