The last escalation of voltage in the Middle East led to Capital flow towards the American dollar and Swiss Frank. “As a result, our indications formulated at the beginning of this week are realized, when we wrote that the deterioration of investment sentiment in the world will result in a slight strengthening of the dollar,” comment economists from ING Bank Śląski.
In this context, they pay attention to the meeting of the American federal reserve planned for Wednesday evening. “Unless we assume interest rate changes, yes The narrative of the FED president regarding the condition of the US economy and the set of the latest forecasts will be extremely important from a market point of view” – emphasize experts.
They add that the open question remains whether the FED will decide to modify its expectations regarding the scale of interest rate cuts this year in relation to the forecasts from March, which assumed a reduction of 0.5 percentage points.
“Potential signals from Jerome Powell regarding caution in the actions of the Fed due to, among others, global trade wars will in our opinion be favored continuation of the dollar strengthening, although it may be unstable” – they reserve.
Zloty condition and euro and dollar courses
How does the Polish currency fall? In ING indicate that The zloty discount is progressing, although it takes place at a fairly anemic pace. On Wednesday around 15 The euro exchange rate was at the level of PLN 4.275, and the dollar cost PLN 3.715. In comparison with notes from a week ago, there was an increase by about 2 groszy.
Euro course
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STOOQ.PL
Dollar course
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STOOQ.PL
“The source of gold weakening is the increase in the risk of the risk of Israel's fire with Iran Czech crown or Hungarian Forint lose their value on a similar scale” – indicate ING economists.
According to their base scenario A further small discount of zloty is possible Motivated by military activities in the Middle East, but also the desire to limit his position in the face of Thursday's absence of domestic investors (Corpus Christi), as well as from the USA (Liberation Day).
