The Eurogroup accepts the agreement of the labour groups regarding Greece, and practically opens the way to passing on the first part of aid to the country by August 20th. China suggests “two way” movements of the renminbi. Thanks to the agreement with Greece, the zloty is slightly stronger.
The Eurogroup moved closer to a deal with Greece. Mixed reports from the US industry. The zloty dropped after some weak reports on the GDP.
Weaker GDP readings from the eurozone have no major impact on the common currency. Today's Eurogroup meeting should be key regarding Greece. Historical weakness of the Turkish lira. The zloty remains stable after weaker than expected growth in Q2.
The US reports supported the dollar. A positive surprise from the Greek GDP. The European Central Bank sees couple warnings for the eurozone economy. The zloty declined against the dollar.
The People's Bank of China during the conference tried to control the rapid movements of the local currency. It remains unclear what Germany will do with the Greek bailout plan. The zloty is slightly stronger to the euro, but today's data on the current account balance may be weaker than expected.
The dollar dropped as the outlook for the Fed to increase rates is getting vaguer. The Swiss franc rose on growing uncertainty regarding Greece. The zloty increased against the dollar and the pound.