Quotes from Western Union:
- Poland's currency, the zloty, flirted with six-year lows in the 3.74s against the greenback after the nation's central bank cut rates by a deeper than expected 50 basis points to 1.50%, an all-time low.
- The bank took bolder action to help beat back the threat of deflation. Forecasts called a smaller cut to 1.75% from 2.0%. The zloty closed in the 3.72s on Tuesday.
Commentary
PLN review: Western Union
Quotes from Western Union:- Poland's currency, the zloty, flirted with six-year lows in the 3.74s against the greenback after the nation's central bank cut rates by a deeper than expected 50 basis points to 1.50%, an all…
Related articles
Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed
Gold prices edged lower on Monday as stronger-than-expected U.S. nonfarm payrolls data dampened hopes for aggressive Federal Reserve rate cuts, bolstering the dollar. Spot gold slipped 0.1% to $2,686.32 an ounce, while F…
FxWirePro- Bitcoin Whales accumulation (positive for Bitcoin)
On-chain data shows BTC whales moved 10000 BTC from Crypto exchanges. This indicate accumulation of BTC by whales. Japanese public company Metaplanet buys another 1 billion yen worth of Bitcoin. According to Santiment, t…
U.S. personal income and spending rose less than expected in August
Personal income increased by 0.2% month over month In August, which was less than the 0.4% market forecast and less than the 0.3% growth in July. For the third consecutive month, real personal disposable income increased…
