• WSE: After start on Wall Street

Noticias del mercado

16 agosto 2016

WSE: After start on Wall Street

Today we have very interesting situation for the US dollar. In the first part of the day USD lost clearly against most major currencies, generally without much fundamental reason and sentiment towards USD was so clearly weak and was also supported by data from the US, which, especially for inflation, surprised slightly negative. After a few minutes after the data appeared words of important representative of the Federal Reserve, William Dudley, head of the New York Fed, which stated that approaching the time for a rate hike and it does not interfere with the presidential elections. This strengthened slightly the dollar. These types of statements are detrimental to the Warsaw Stock Exchange, because it may reduce the inflow of funds to the parquets of stock exchanges in emerging markets. The next set of US data concerning industrial production (+0,7% m/m) was more consistent with the vision of William Dudley about the possibility of rate hike in September. The market in the United States began from discount of 0.25%, what may be a result of fears about a rate hike in September, as previously was not expected.

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