Gold tight. The Polish currency is the weakest in six months. A sea of red on stock exchanges
The euro was traded close to PLN 4.64 on Tuesday evening, the highest level since the end of March. it’s like the 0:00 uprising.
The zloty is the weakest in months. “Driving without a handyman”
Euro exchange rate against the zloty. Source: investing.com
Quotations against the zloty. source: investing.com
The zloty is also weakening the Swiss franc, although there is no record in the short term. You have to pay PLN 4.27 for the Swiss currency on the market.
Swiss franc exchange rate against the zloty. source: investing.com
“After a few days of numbers, sellers triumphed in yesterday’s regional stock in PLN. Today, the sale accelerated. HUFPLN + 0.4%, CZKPLN + 0.6%. profile.
Why is the zloty depreciating?
A hint contributed to the weakening of the coin Placing what is in the entry. Other currencies of the region are losing along with the zloty (though clearly weaker). We are with our neighbors in the same so-called investment basket. This is viewed by investors as a riskier investment than other assets – such as the dollar.
In a situation when there is a lot of money on the market (there is quite a lot of knowledge in the world now, thanks to, among others, the mild monetary policy of central banks), capital is invested almost everywhere. However, if they appear on the site where the currency will appear, then ichow will be the currency.
A sea of red on stock exchanges
We look at the station quite widely on Tuesday. The moods on the Asian stock markets are still one level, but Europe has already experienced a solid sell-off. The German DAX fell by more than 2 percent, as did the French CAC40. Pan-European EuroStoxx50 lost 2.5 percent. Against this background, the WIG20 looks not too bad, ending up with a 0.7% minus. In roughly the 2-session index on Wall Street, the US traded between 1.4.4 percent.
Stock Quote, September 28, 2021 Source: investing.com
What are investors so afraid of? In the world, we have another solution, the second solution, which has controversial actions in various operations of economies that have problems with contesting accounts. They are getting more expensive, the disease has problems, it only affects Europe, but also China, controlling the economy of the world, where production limitations do not lead to production in some countries. Supply chain disruptions are not going away.
All this leads to fears of increasing inflationary pressure, which may consequently force central banks to a very soft policy, i.e. to raise interest rates, for example. Higher rates in the heel in the amount of money – cheap capital on the market. It is also treads that can create some cooling down and settle down like a popandemic rebound.