Data from the American labor market will most likely have a minor impact on the dollar. This is especially taking into consideration the forthcoming presidential elections, as well as the message from the Federal Reserve. The pound sustained its growth from yesterday. The zloty remains relatively weak, but changes on the Polish currency are minor.
Positive data from the British economy supports the pound. The zloty remains near its level from Wednesday. The only exception is the pound, which is the strongest against the zloty in approximately one month.
The Fed emphasized that inflation is increasing slightly faster, but it didn’t indicate the moment of rate hikes. Positive PMI from the British services sector, as well as the decision from the British court regarding Article 50 support the pound. The Polish currency is relatively stable after the FOMC announcement.
Weak ADP data regarding changes in employment in the American non-agricultural sector have a relatively minor impact on the dollar. The WTI oil is going down to its level from before the agreement in Algiers from September. The zloty remains under pressure of weak industrial PMI data.
The dollar is at its lowest level in one month. Oil price is near its level from before the agreement in Algiers. The British building sector PMI is better than expected. On the other hand, the Polish industrial PMI is at its lowest level in more than two years.
PCE inflation data in line with market expectations. Slightly higher CPI inflation in Poland without an effect on zloty.