Inflation surprises from China and the United Kingdom. There are minor chances for fundamental changes in Janet Yellen’s message, but we can’t rule out the short-term volatility. The Hungarian GDP is lower than estimated and the Polish GDP appeared to be better than the consensus. The EUR/PLN is near the level of 4.30.
Important forecasts from the European Commission for the euro zone for the years 2017 and 2018 had a limited impact on the euro. Economic data from Poland has stopped the zloty’s overvaluation.
Investors anticipate Janet Yellen’s testimony in front of the American Congress tomorrow. Why is the market so calm regarding Greece? The zloty is slightly weaker after the macroeconomic estimates from the European Commission.
Consistency between the OPEC countries production and the concluded agreement reached 90%. Positive data from the British economy was not able to support the pound. The EUR/PLN went below 4.2950.
The American administration suggested that we may expect an announcement of the complex tax reform in the USA in the forthcoming weeks. The zloty is stronger due to the comments regarding credits denominated in francs.
The American jobless claims index is near its forty-three-year minimum. The zloty is becoming weaker and the EUR/PLN is further from its recent minimum.