Tag: Michał Jóźwiak

Weak PMI data sink euro, and the zloty faces new challenges

Geopolitical concerns due to tensions between Russia and Ukraine have had an impact on the Polish Zloty for the first time in two years....

Dollar Gains on Market Valuations of Trump’s Victory

The path of least resistance for the dollar continues to lead upwards, supported by strong economic readings and market uncertainties about the scale and...

Dollar strong, zloty stronger

A small surprise uptick in September's US inflation reading bolstered the dollar, which also benefitted from a general investor aversion to risk. Despite these...

Zloty Weakens Amid Rising Middle East Tensions and Strong U.S. Labor Data, USD Gains Momentum

For the zloty - as with other regional currencies - it was a weak week. Rising tensions in the Middle East have led investors...

Chinese Stimulus Boosts Commodity Markets, but Polish Zloty Weakens Amid European Economic Concerns

Last week, markets welcomed news that the Chinese government is launching a new support package to halt the downturn in the real estate market...

Złoty Among Strongest CEE Currencies in 2024: Further Gains Expected Against Euro and Dollar

Since the start of the year, the Złoty has fared better than other CEE currencies and most emerging market currencies. Since January, it has...

Złoty Strengthens Despite Weak Domestic Data

The Federal Reserve caught consensus off guard last week by deciding to cut interest rates by 50 basis points (b.p.). Despite the magnitude of...

Global Markets Brace for Fed’s First Rate Cut Since 2020: 25 or 50 Basis Points?

The first U.S. interest rate cut since 2020 will be a groundbreaking event for markets worldwide. The crucial question, however, is its magnitude. The...

Dollar gains ahead of key NFP report

Additional data from the US, such as weekly unemployment claims, reinforce the view that fears of a recession were exaggerated. The dollar benefits from...

French Parliamentary Elections Ease Market Fears

The results of the first round already indicated that the worst-case scenarios for the markets related to the parliamentary elections in France would not...

Awaiting the First ECB Rate Cut

This week, Poland's interest rates will be decided by the Monetary Policy Council (RPP). However, our focus is on the upcoming meeting of the...

Inflation Trends in Poland: RPP’s Response and Global Economic Outlook

April's inflation reading in Poland showed the first increase in the main measure since February 2023, largely attributed to the return of the 5%...

The FOMC meeting will be a tough test of Chairman Jerome Powell’s skills

PMI indicators are the best leading data for European economies, and their publication last week paints a picture of rapidly improving growth prospects, especially...

Volatility in the złoty is at its highest since October

Last week did not see significant movements in the major currencies, although the Polish złoty experienced its strongest changes in nearly half a year....
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