Daily analysis

Afternoon analysis 10.01.2017

The data from the Chinese economy cause the yuan to wear-off. The dollar is supported by the small business optimism, which is at its highest level in twelve years. The zloty’s condition is better, but its appreciation potential will be limited until the end of this week.

Daily analysis 10.01.2017

Fed representatives remain relatively hawkish, but the dollar continues to overvalue. The Turkish lira is record weak against the euro, as well as against the dollar. The zloty anticipates the second part of this week. The EUR/PLN remains within the range of 4.37-4.38.

Afternoon analysis 09.01.2017

New positive data from the German economy confirm its very good condition. The Sentix investor trust index not only shows an improvement in sentiment within the euro zone, but also in the countries of eastern Europe. No larger changes on the zloty.

Daily analysis 09.01.2017

The dollar after the labor market data and the comments from Fed representatives. A clear overvalue of the pound against the majority of currencies. The zloty corrects a portion of its strengthening before the MPC meeting and the decisions from the rating agencies.

Afternoon analysis 05.01.2017

According to the British PMI, the services sector activity was definitely better than expected. However, the British companies are experiencing the highest inflation pressure since 2011. The weaker dollar helps the zloty to sustain its gains.

Daily analysis 05.01.2017

Tone of the minutes was rather hawkish. However, the market’s reaction was unclear. Due to the changes on the Chinese yuan, the dollar wore-off. Macro data series from the USA. The zloty benefits from the global sentiment. The EUR/PLN is near 4.36.