The euro dropped in spite of solid reports from Germany. The dollar remained strong before the Federal Reserve. The zloty under pressure of political risk.
Improvement in the economic situation did not support the euro. The People's Bank of China cuts the interest rates. Unexpected drop in the unemployment rate did not help the zloty.
What does the market expect from December’s ECB meeting? How Draghi's decisions may affect the Swiss franc and the Fed's actions. The pressure on the zloty diminished after the ECB signaled additional stimulation. Election scenarios in Poland.
Mario Draghi's press conference hit the euro. The European Central Bank may introduce increased monetary stimulating as soon as in December. The zloty extended its recent decline against major pairs. The Polish currency managed to gain only against the euro.
The euro steady before the European Central Bank meeting on Thursday. However, there is little chance ECB President Mario Draghi will announce more actions. The zloty under pressure of political risk.
The euro extended yesterday's decline. Industrial production neutral for the Federal Reserve and the dollar. A better than expected labor market report did not help the zloty.