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EUR/PLN exchange rate near its 3,5-year lows
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EUR/PLN exchange rate near its 3,5-year lows

created OANDA TMS BrokersDecember 8, 2023

Last Wednesday in Europe, the main annual share indexes reached their at least annual highs in Italy (the highest since 2008), Spain (the highest since 2018), Poland (the highest in history), Germany (the highest in history), Portugal (the highest since 2014 year) and Romania (the highest in history).

Yesterday Romanian The BET Index again reached its highest level ever, while the Bulgarian SOFIX was the highest since 2008.

Nikkei 225 lowest in almost a month

Today morning on the stock markets of Asia and Oceania, increases slightly prevailed main stock market indices. One of the exceptions was Japanese Nikkei 225, which lost 1,68%. reaching its lowest level in almost a month. Growing with a seasonal increase since the end of October this year. from the lowest level since October 2022, the Australian All Ordinaries (+0,28%) today reached its highest level since September this year.

American S & P 500 (yesterday +0,8%) has remained just below its annual maximum from the end of July this year for several sessions. unable to decide to attack this level of resistance. The Dow Jones industrial average reached its highest level since January 2022. The Nasdaq 100 still remains above the level of its local peak from July this year.

In Europe this morning, increases in the main stock market indices dominated (DAX +0,24%, CAC 40 +0,66%). German The DAX reached its all-time high this week.

Yesterday, WIG-Ukraine reached its lowest level since 2014. On the WSE, Friday started with increases in the main indices (WIG-20 +0,87% around 10:00). All WSE sector indices also increased this morning (the most significant increase was WIG-Paliwa by 2,87%).

Among the components of mWIG 40, at least, they are new Today, the share prices of ING Bank Śląski and ENEA reached annual highs, and the share price of Synthaverse was the lowest in a year. Among the sWIG 80 components, the share prices of Vercom, Asseco Business Solutions and MCI reached their highest level in over a year.

For the second day in a row, it hit three-month lows on Wednesday the yield on US 10-year treasury bonds tried to bounce up (4,1778 percent approx. 10:05). The yields of 10-year bonds of the governments of Bulgaria, Croatia and Hungary reached their minimums today, at least one year later. The yield on the Polish government's 10-year bond (5,329%) was trying to rebound from its lowest level since July this week, which it reached this week. level. The German government's 7-year yield also tried to rebound from its 10-month lows (2,332%).

EUR/PLN at the lowest levels in over 3 years

The EUR/USD rate has fallen over the past 7 sessions from over EUR 1,10 to below EUR 1,08. Today approx. 10:10 lost 0,12 percent. After yesterday's very strong decline of 2,04%. to the lowest level since August this year, today approx. 10:15 course USD / JPY was stable (+0,03%).

The Bitcoin rate against the US dollar this week reached its highest level since April last year, and this morning around 10:15 was stable (+0,24%).

The EUR/PLN exchange rate remained this morning near its lowest level since February 2020 (-0,05%). The USD/PLN exchange rate is near its lowest levels since March 2020.

Contract price for WTI is back above USD 70 per barrel (today approx. 10:25 +2,55%). The price of natural gas contracts remains near its minimum from this summer. Except for gold, which this morning around 10:30 was losing, other precious metals were rising in price this morning (silver +0,1%). platinum +1,21 percent, palladium 0,31 percent). It was also more expensive today kawa (+0,69%) and cocoa (+2,54%).

Source: Wojciech Białek, OANDA TMS Brokers

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