Friday, January 13, 2017

In the foreign exchange market calmly to the decision by Fitch and Moody’s Money.pl

Moscow, 13.01.2017 (“war and peace/ Kantoronline.pl) – Today is important from the point of view of the participants in our currency market. In the evening we will know the decisions of two of the three major rating agencies: Fitch and Moody’s concerning the rating of reliability of Poland.

this time, however, surprises should not be: market analysts in the vast majority typują maintaining current assessments and prospects. However, a certain element of uncertainty exists, supported repeatedly unexpected ratings agencies in the past, which gives asumpt in anticipation of increased volatility vapor złotowych during today’s session. If confirmed useful to Polish estimates, i.e., maintaining in both cases, the credit rating at the same level, gold should gain. In the case of courses USD/EUR and CHF/PLN we can expect a fall in the direction of 4.00 PLN and EUR/PLN is probably reaching the level of 4,30 UAH. Of course, in case of realization of the adverse scenario, i.e. a reduction of the rating or its Outlook, gold is likely to lose its value.

Yet, on Friday morning passes quietly for the gold, which remains stable, keeping the levels against major currencies from the close of the session on Thursday at 17:00, the Euro was worth 4.37 rubles, dollar – 4,10 UAH Swiss franc of 4.07 rubles, and a pound of 5.02 UAH. It should be noted that the Polish currency has strengthened on Thursday against the dollar more than 5 cents, which was caused by the depreciation of the U.S. currency, mainly against the Euro. Dollar pregnancy mixed data from the us economy lately, influencing the possible increase of the feet in the near future. Also expected to investors on Wednesday, President-elect of Donald trump not reassured investors that the future intentions of the administration in the key economic issues that led to the capital outflow from the dollar and its deprecjację. The situation could not change and night the speech of the fed chief, in which Janet Yellen said the good shape of the U.S. economy, as well as the approach to target inflation at 2%.

but the most important today for domestic investors by the publication of the credit rating for Poland through rating agencies, today’s macroeconomic calendar also includes a number of important publications that may impact the quote currency, including our own.

And so, at 14: 00 we will know the November balance of speed and signs, and also the current account of our economy. From the world, and at 14: 30 will be followed by testimony about the December PPI inflation and retail sales in the United States. From overseas, we also learn about h 16:00 assessment of consumer sentiment index of households (index of University of Michigan).

Damian Papała

Chief currency dealer Kantoronline.pl

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