The Swiss franc and dollar remain under pressure. The euro exchange rate remains largely unchanged.

In anticipation of Friday's Trump-Putin summit, the ratings The US dollar and Swiss franc are under pressure sellers. However, the euro/zloty exchange rate remains stable.

On Friday, August 15th A meeting between the presidents of Russia and the United States is scheduled for Alaska . The two leaders are scheduled to discuss ending the Russia-Ukraine war and probably also about the new division of influence in Europe. There have been rumors circulating on the market for several days now speculation that this meeting may lead to an end (or at least a long-term cessation) of military operations on Ukraine. And this would, in the short term, reduce the risk premium not only for Poland, but also the whole of Europe.

This is therefore a factor that weakens the demand for safe assets. Perhaps that is why since the beginning of August we have been observing clear pressure on weakening of the Swiss franc, which is a kind of "safe haven" for global capital. Over the past two weeks, the EUR/CHF rate has risen from less than 0.93 to 0.9420 francs. The rising EUR/CHF means a weakening of the Helvetic currencies in relation to the euro.

On Thursday morning, the Swiss franc cost on the Polish market 4.5236 PLN, which is 1.5 groszy more than the day before. At the beginning of this week, however, we observed quotations close to PLN 4.50 - i.e. the lower limiting the consolidation that has been going on for four months in the 4.50-4.60 range PLN. Possible breakout of the PLN 4.50 line based on technical analysis would herald a decline in the franc exchange rate to the region of PLN 4.40.

For slightly different reasons, we have returned to the depreciation trend The US dollar against the euro. The dollar weakened because of weaker data from the labor market combined with the lack of a large negative surprise on the CPI inflation side intensified expectations for a September interest rate cut by the Federal Reserve. Some are even speculating about a 50-point cut at the September meeting. FOMC.

As a result of such speculations, the EUR/USD exchange rate has moved around USD 1.1680. This year's high is at 1.1830 and only this level can be broken will confirm the upward trend in the most important currency pair world. On our market on Thursday morning the dollar cost 3.6394 PLN and was a penny lower. more expensive than on Wednesday evening. However, these are still levels close to the 4-year high the minimum from the beginning of the year, when the price for the "green" was less than PLN 3.59.

In all this chaos, the couple remains an oasis of peace. euro-zloty. On Thursday morning, the euro was valued at PLN 4.2569. After a slight weakening of the zloty at the turn of July and August, we returned to around the middle of the sideways trend that has been in force since April. For over 4 months the EUR/PLN exchange rate has been moving in the range of PLN 4.20-4.30 after The end of February set a 7-year low of PLN 4.1275.

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