Now millions of MiniPay users in developing countries will be able to pay with their stablecoins anywhere Visa is accepted – both in-store and online. All without any knowledge of cryptocurrencies.
The weekend once again saw moderate declines in global equity markets. Investors are continually taking profits in the technology sector due to uncertainty about the duration of the current investment phase related to expanding data centers for AI solutions amid rising chip costs and sustained strong demand for AI usage.
In the past week the zloty weakened, the EURPLN rate rose to 4.2850, and USDPLN to 3.7650. On the base markets EURUSD fell to 1.1390, although during the week it was quoted around 1.1330.
The Polish stock market currently resembles a battlefield of two extreme emotions. While JSW’s atmosphere thickens with union accusations, the specter of liquidity shortages and a tightening “to the blood” belt, the copper giant KGHM Polska Miedź sends investors a signal of stabilization and, after a yearly break, returns to dividend payments. Two commodity giants, two completely different worlds of value creation.
Banking institutions adjust forecasts after Fed decisions. Michał Tekliński: “These are short‑term cuts; in the long run gold prices will rise.” The first Fed decisions under Kevin Warsh forced the largest investment banks to revise their gold pricing models. Goldman Sachs, JPMorgan, Bank of America, UBS and Deutsche Bank lowered their short‑term forecasts. Market consensus remains clear: long‑term upside drivers are secure.
Global equity markets have just finished a week where technology companies were in the spotlight. Semiconductor and artificial intelligence sectors were overvalued, more or less dynamically, across most sessions. The downward impulse came from a Tuesday slump in the Korean market, where the technology sector drove the KOSPI index down 9.99 percent.
Hungary will be the next country in the euro zone? For now, the country of Peter Magyar, according to research, is the most optimistic about adopting the European currency among those EU countries that remain outside “Euroland”. Up to 80% of citizens say yes to replacing the forint with the euro.
Friday was another day when the bears took over the initiative on the Warsaw Stock Exchange. The WIG20 fell 0.73% at the close, the mWIG40 0.25%, and the sWIG80 0.49%. Trading volume on the broad market was almost 2 billion PLN, of which 1.7 billion PLN was for WIG20 companies.
Concerns about the durability of inflationary pressure in the United States have reached the Richmond Federal Reserve branch. As one banker stated, the return of inflation to the 2% target is becoming increasingly distant, though not impossible.
Another large company is limiting its operations in Poland by deciding to move part of its business to Asia. This time it concerns the Kraków branch of the British financial giant HSBC. According to “Gazeta Wyborcza,” the company could lay off up to 400 employees.
Discontent over teacher salaries has been heard for a long time. After a brief satisfaction following the 2024 raises, teachers are again demanding higher pay. If the government does not agree on acceptable increases, it is possible that teachers will take to the streets.
July is the month most often chosen by future Poles to apply for a pension. Case? No. People who do it this way can gain a lot. In 2026 they could receive up to PLN 300 gross per month on every benefit they receive. How is this possible? All of this is due to the annual account valuation at the Social Insurance Institution.
Temperatures reaching almost 40 degrees Celsius. This is not a weather forecast for Spain or Saudi Arabia, but for Poland. Meteorologists predict that in the coming days local temperatures may approach 40 degrees Celsius. Is working in such conditions legal? What maximum temperature should prevail in the workplace?
Poland faces huge challenges. These concern public finances and how they will shape in the coming years. On one hand, our country plans massive spending, including defense, infrastructure, and energy. On the other hand, this year the projected public debt could reach 65% of GDP. That may lead to further unpopular decisions.
The atmosphere around the Dino store network is becoming increasingly tense. Public opinion is being fed with more information about what has been happening in stores across Poland. It turns out that the treatment of some employees may have led to health problems.
Wages in Poland is a topic that the public opinion discusses almost every week. The difference lies only in the group that the problem concerns. This time computer scientists and the academic staff training people in this field were taken to the fore, thanks to an appeal by Prof. Piotr Sankowski, president of IDEAS NCBR.
The Krakow business services market has just received a painful blow from one of the biggest players on the global financial chessboard. HSBC, the British banking giant, is ruthlessly cutting jobs under the Wawel. There is no sentiment in the market – when costs rise in Central Europe, capital immediately seeks cheaper and more automated havens. This is unfortunately an uncompromising lesson in survival in the era of modern capitalism.
Despite some calming of geopolitical mood and a significant drop in oil prices, the dollar has had an exceptionally successful period. The EURUSD pair fell on Wednesday to its lowest level since May 2025. The move was driven primarily by an exceptionally hawkish Federal Reserve meeting. The U.S. currency was also supported by solid economic growth data and some signs of concern in the equity market.
"The market still offers opportunities" - this is the title of a discussion panel featuring representatives of the largest and most experienced asset management institutions in Poland, led by Sobiesław Kozłowski, Director of the Investment Advisory Department at IPOPEMA Private Investments within IPOPEMA Securities.
JSW mining giant has just signed a key agreement with the Minister of Energy, securing a massive amount for severance and protective leave for over 3,000 employees in 2026. While this is an important step in the sector’s transformation, the Warsaw exchange remains ruthless. The company’s share price continues to slide southward. Will the government’s cash injection be enough to calm markets and restructure the giant?
The dollar to yen exchange rate is again approaching a level that investors increasingly view as the threshold for possible intervention by Japanese authorities. ING Think analysts assessed whether the risk of such a move will rise in the coming weeks.
Weaker market conditions in the IT services sector and Q1 2026 results lead us to assume almost exclusively organic growth, amid worsening sentiment and a noticeable slight erosion of margins. We still view the FinTech segment slightly positively.
The package of good data from the USA usually causes the dollar to rise. Currently, however, investors clearly looked for a moment to realize profits from recent strengthenings. They did it yesterday despite solid readings. In Australia, good labor market data, and the Australian dollar rebounds from the bottom. In the Strait of Hormuz it got hot again, driving up oil prices.
The Supreme Audit Office examined ten clinical hospitals in Poland. The audit revealed a long list of irregularities. These include doctors’ working hours, management of medical units’ assets, and inefficient use of equipment. The NIK also scrutinised the facilities’ finances. There were also comments from the auditors.
The artificial intelligence sector is developing rapidly, but this technology hides a second, darker side of the coin: a gigantic appetite for water. While Silicon Valley is excited about new LLMs, the stock‑market giant Nvidia is trying to extinguish a brand image fire. The company unveiled a revolutionary warm‑water cooling system, announcing success. The devil is in the details, and beyond the server‑room walls the massive AI water footprint continues to grow at a frightening pace.
SOFTSWISS announces the first speakers for the Tech Race Summit 2026 conference, which will take place on September 10 in Warsaw.
The downward trend observed in crude oil was halted on Thursday by news of an attack on a Singaporean cargo ship. The incident occurred off the Oman coast of the Strait of Hormuz using an Iranian unmanned aerial vehicle.
This is a change that has been announced for a long time. It concerns regulations aimed at eliminating patostreamers from the network. The Sejm adopted a proposal for changes regarding penalties for people who promote pathological behaviors online for profit. Now the Senate will handle the draft changes.
Artificial intelligence was supposed to be a hen laying golden eggs, but it is becoming a dragon whose desire for capital and water seems endless. When Apple raises prices, the stock market floors turn crimson. The market has just received a painful lesson in economics: the relentless demand for AI drives up component prices, hitting the pockets of giants and consumers alike. Is this the beginning of a bursting inflated bubble?
Volodymyr Zelensky announced an intensification of actions aimed at Russia. The actions are intended to increase pressure on Moscow and end the war that has lasted more than four years. At the same time, the oil market is seeing price declines, partly in response to signals of de-escalation of tensions in the Middle East.
Today there are no domestic data releases, only the US consumer sentiment index
According to World Trade Monitor, global trade volumes rose in April
EURUSD did not deepen the decline, slight strengthening of the zloty against the euro
Today’s market moves will not be driven by new macroeconomic data, so market activity will be dictated by attempts to construct narratives around already published data and technical factors. In the morning, the EUR/PLN rate is quoted at 4.2837, and USD/PLN at 3.7650, meaning the zloty is slightly stronger than in the previous two days.
Thursday's session on global markets ended with a clear divergence between the "performance" of semiconductor memory suppliers and rising inflationary concerns after the U.S. PCE inflation reading.
>> Also read: Dollar rate under Fed policy pressure. Inflation surprise is just the beginning?
On Thursday the zloty slightly strengthened, EURPLN ended the day at 4.2850, and USDPLN at 3.7650. In the core FX markets the dollar changed little, and the EURUSD rate rose minimally to 1.1370.
Kevin Warsh, the new Federal Reserve Chair, has gained the support of Donald Trump, who declares "full confidence" in his monetary policy decisions. Meanwhile, inflation remaining clearly above the Fed's target complicates expectations of possible rate cuts and increases uncertainty about the central bank's future direction.
After a three‑day series of declines on the Warsaw floor, Thursday brought a rebound. The index of the largest Polish companies rose by 1.26% to 3,598 points. Tauron’s shares gained over 6%, while Pepco and PGE shares rose over 5%. The weakest among the blue‑chips was CD Projekt, which fell 1.15%. In the small and mid‑cap segment, the dynamics were smaller. mWIG40 rose by 0.25%, and sWIG80 fell by 0.17%.
After a three-day series of declines on the Warsaw exchange, Thursday brought a rebound.
The index of the largest Polish companies rose by 1.26% to 3598 points.
Shares of Tauron rose by over 6%, and shares of Pepco and PGE gained over 5%.
On Wednesday the Polish zloty marginally weakened against the euro to around 4.2850 on EURPLN and a bit more against the dollar, near 3.77 on USDPLN. In the core FX markets the dollar strengthened, and the EURUSD rate fell to about 1.1360.
‘Suitcase’ theft is the remote interception and amplification of the signal from your keyless entry key. This allows criminals to open and start the vehicle within seconds, leaving no trace of intrusion.
Micron Technology, the American memory manufacturer, shares are rising in pre-market trading by over 16% after yesterday evening's results and forecasts for the next quarters clearly beat Wall Street expectations. In the third fiscal quarter the company achieved $41.5 billion in revenue and $25.11 earnings per share. The gross margin, which rose to 84.9%, makes an even stronger impression.
The temperature range reaching 35 to 38 degrees Celsius, forecasted in Poland in the coming days, poses not only a health risk to Poles but also challenges for the Polish energy system. Will the transmission networks and power plants in our country withstand the increased demand for energy?
Temperature readings in Poland have gone crazy, and the ongoing wave of African heat, which could bring temperatures exceeding even 40 degrees Celsius, forces immediate action. The Ministry of Family, Labour and Social Policy sends a clear signal: employee health is non-negotiable. Company bosses who ignore the tropical climate must prepare for uncompromising inspector visits. It can be hot if it’s too hot.
The market hates emptiness, and June brought a true earthquake to model portfolios on the Warsaw Stock Exchange. BOŚ Brokerage decided to ventilate its positions by introducing six new favorites into the game. It’s an uncompromising move that shows that in the dynamic world of technology and finance, sentiments do not exist. Who jumped onto the rising wave, and who was reluctantly thrown off the deck?
The judgment in this case could set a precedent affecting many industries. Nałęczów Zdrój Sp. z o.o., a bottling plant for Cisowianka water, is in dispute with the State Treasury. It concerns the amount of VAT, which is controversial in the context of other drinks that producers may benefit from a preferential tax rate.
British politics enters a period of sudden uncertainty after Keir Starmer’s resignation. According to Krzysztof Kamiński, financial markets analyst at OANDA TMS Brokers, in an interview with FXMAG, the GBP’s reaction is short‑term and reflects political risk rather than a lasting trend shift. Who will become the new Prime Minister of the United Kingdom?
Peace negotiations between the USA and Iran are ongoing. Markets assume that since nothing has gone wrong for so long, it is worth believing that progress will eventually appear despite the lack of advances. Higher interest rates in the USA cause market changes, and our region’s currencies are clearly in the reverse.
Inflation in the USA has once again become one of the key topics for financial markets and the Federal Reserve. According to official BEA data, the PCE index in April 2026 rose 0.4% month‑over‑month and 3.8% year‑over‑year, while core PCE – a measure excluding food and energy prices – was 0.2% month‑over‑month and 3.3% year‑over‑year. S
The deposit system is awaiting a test it has never seen before. It concerns the performance of the packaging acceptance machines, the system operator, and the handling of devices that are already frequently out of service because they are damaged or overfilled. What will happen during the holidays when beverage consumption rises significantly?
Donald Trump unexpectedly refused to sign the bipartisan housing bill "ROAD to Housing Act," sparking political tensions in Congress. The U.S. President also demanded the passage of a separate bill to change the voting system. "Housing has become a nationwide crisis," warn experts at real‑estate agency Redfin.
Global sentiment in the markets has sharply improved after the remarkable forecasts from technology giant Micron Technology, reigniting enthusiasm in financial markets after a rather lackluster first half of the week. At the same time, we observe further declines in oil prices to levels we saw at the very beginning of the US-Iran war.
The dollar is holding back gains before the PCE Core data, and amid improving market sentiment. Micron’s strong results and positive news from Qualcomm were enough to restore faith in the semiconductor sector and the AI rally, after the first half of the week ended on Wall Street with a correction.
Pre‑order sales for GTA 6 have launched, but players and investors feel decidedly mixed emotions. Instead of a traditional fan celebration, Rockstar Games triggered a real earthquake that struck the financial markets with a shotgun blast. The decision to distribute physical editions of Grand Theft Auto 6 without a physical disc sparked massive backlash from the community (and stores), and the publisher’s stock chart plummeted dramatically.
In the European Union, the number of newly registered passenger cars in May 2026 increased by 4%. Electric-powered cars hold a 20% market share, and in many European countries they are the first choice. Not in Poland. The number of registered electric cars in our country in May was 28.5% lower than the previous year. What led to this situation?
The dollar's strength was continued yesterday, but during the night, in the U.S. session, a slight correction occurred. EUR/USD fell from 1.1325 and this morning the pair is at 1.1363. The correction may have been triggered by technical factors, as the hourly RSI indicator reached a level indicating an extremely oversold pair.
Donald Trump unexpectedly opened a new front in the fight, this time striking directly at the fuel giants. The White House accuses Exxon Mobil and Chevron Corporation of artificially inflating gasoline prices, while commodity prices are plummeting. The Department of Justice launches an official investigation that could shake the stock market and the energy sector.
The mid-session on global markets ended with a rise in risk aversion. Investors, awaiting Micron's earnings report, increasingly discounted the possibility of further tightening monetary policy, and de-escalation news translated into oil price declines (Brent: -4.39%).
During the Wednesday session Polish stocks were under pressure. The WIG20 was red from the very start of trading and the pace of declines was clearly greater than on other exchanges. The index of the largest Polish companies fell by more than 3% at one point but ultimately finished the day down 2.5% to 2553 points.
The midweek session on the Warsaw Stock Exchange ended with strong declines in the main indices. WIG20 fell 2.49 percent, collecting almost 2.09 billion zlotys in turnover, while the broad market index WIG dropped 2.02 percent with a turnover of over 2.47 billion zlotys.
The dollar is once again catching wind in its sails and steering the USD/PLN rate toward breaking a key level. The latest forecasts from Crédit Agricole do not rule out further strengthening of the U.S. currency, indicating a continued advantage of supporting factors for the USD. Bank economists also commented on the outlook for the EUR/USD pair.
The “Clean Air” program was supposed to improve air quality. With each passing year of its operation, the solution intended to help replace heating sources has become increasingly controversial. The change meant to revitalize the program was announced by Climate and Environment Minister Paulina Hennig‑Kloska. It turns out that after the changes she introduced, interest has fallen even more. This is what the data show. Information from the ministry indicates that the program is doing well, and interest in replacing furnaces is growing.
The main currency pair is testing support at 1.14 today. There is moderate optimism in the peace talks between the US and Iran, and in the UK after Keir Starmer's resignation we have a strong favorite to take the premiership.
Traditional inspection of a telecommunications mast or a tall chimney can cost a company up to 8,000 PLN per cycle. Modern drone inspections of infrastructure allow these expenses to be reduced to a fraction of that amount, cutting work time from several days to just a few hours. Companies that still hesitate to digitize technical monitoring not only risk safety but also lose real money.
The Polish game development sector has accustomed us to sudden twists, but the latest move by CI Games still stirred up quite a commotion. The long‑awaited dark RPG, "Lords of the Fallen II", will not hit store shelves during the hot holiday season of 2026. The publisher officially announced a strategy shift and pushed the debut to Q1 2027. Is this a retreat from GTA VI?
Calm day. Today at 9:30 the GUS will publish registered unemployment data and will most likely show a decline in the unemployment rate from 6.0% in April to 5.9% in May.
Additionally, the calendar will feature German Ifo data and information on primary market real estate sales in the USA.
Also, today there will be an auction of SPW sales.
Today’s GUS Statistical Bulletin, June Ifo index for Germany
Money supply rose in May by 11.0% YoY, overall credit dynamics 7.6% YoY
Hungary’s central bank cut rates by 25bp and announced further easing of monetary policy
In June the euro‑area industrial PMI remains significantly above neutral level, improvement in services
EURUSD below 1.14, CEE currencies under pressure
The Polish health protection system has just collided with a wall of social expectations. While millions of patients wait months for a specialist appointment, news of record-breaking medical contracts electrifies public opinion faster than sudden stock market crashes. The latest poll leaves no doubt. Poles are fed up with secrets and demand full transparency regarding public money.
The last hours have not been rich in market-significant signals from the Middle East. According to analyses, the resolution adopted by the U.S. Senate limiting (without Congressional approval) President Trump's ability to conduct military actions against Iran has only symbolic significance.
Moreover, the U.S. president stated on social media that "19 million barrels of oil flowed through the Strait of Hormuz," which he claimed was an "absolute record of all time."
In the country, in May the prices of basic agricultural products, i.e. wheat, rye, beef feed, pork feed, poultry and cow milk, year‑on‑year fell by 16.2% – reported the Central Statistical Office. In the Gdańsk Bay a second floating LNG terminal (FSRU) will be built; it will be a commercial venture, without state budget support – announced Prime Minister Donald Tusk.
Individual investors in Poland favor China over the US in the global AI race
48% of individual investors in Poland believe China is best prepared to lead the global AI race. They slightly outpace the US, which 45% of respondents chose.
At the same time, interest in the Chinese equity market is growing. The share of individual investors in Poland with exposure to Chinese stocks rose over two years from 6% in Q2 2024 to 9% in Q2 2026.
Growing demand for artificial intelligence is attracting skilled labor to selected regions of the United States. The number of residential sales transactions closing above the listing price is rising, especially in the largest tech hubs.
There is a frenzy on the South Korean stock market. Speculations, however, suggest that somewhere a limit is reached. Yesterday, contrary to some headlines, there was still no end, but a strong warning signal appeared. The business cycle indices are weaker in Europe than in the USA, which again strengthens the dollar.
Due to concerns about inflation in the USA and FED policy, there was a sell-off in US tech stocks yesterday, resulting in a broader market correction that further supports the dollar. The American currency is increasingly seen as a "safe haven," and the bond market becomes an additional argument when US 10‑year Treasury yields approach 4.50%.
In an era of algorithms and digital precision, can an e‑commerce giant trade in phantoms? The UOKiK president proved it can, imposing a huge fine on the well‑known Neonet chain. It turned out that flagship promises of express delivery within 24 hours were just a bluff, and customers bought goods that existed only on screen monitors. In a world of ruthless competition for customers, such market deception costs a lot.
Gigant e-commerce filed a lawsuit against the United States government over the company's ties to Chinese armed forces. The Pentagon has already placed 188 companies under oversight, but Beijing did not remain passive. Chinese authorities immediately imposed an export ban and excluded dozens of U.S. firms from government tenders.
The Polish zloty weakened on Tuesday, the EURPLN rate rose to 4.2850, and USDPLN to 3.76. On the base markets the EURUSD rate fell to around 1.1380.
>> Also read: Fuel prices fell below a key level. Is this the end of the conflict in the Middle East?
During today’s session, the foreign exchange market will be particularly interesting. In the morning, the zloty is stabilizing against the euro around 4.2810.
In recent days, EUR/PLN has clearly risen, although the room for further movement is shrinking as the pair approaches significant resistance levels. The nearest is 4.2905.
Oil prices on global markets are falling again, and investors’ attention is turning to the Middle East. Geopolitical tectonic tensions are giving way to cautious optimism as the key shipping chokepoint, the Strait of Hormuz, slowly begins to unlock.
For months on the currency market we have been dealing with a kind of clamp. Its manifestation was the consolidation both on the main currency pair and even in our PLN/EUR quotes. The change of Fed chair was seen as a risk to the dollar, but it became a stimulus for its strengthening.
The United States Senate, where the majority is held by the Republican Party, voted 50:48 to end the war with Iran. Support for ending the conflict is also clearly rising among U.S. citizens, who have felt the worsening relations between the two countries most acutely due to the rising cost of everyday life.
On Tuesday, market sentiment on the Warsaw Stock Exchange fell in line with the global "risk off" trend. Like Monday, the main indices recorded a decline – WIG20 fell 0.41%, mWIG40 0.86%, while sWIG80 dropped 0.50%.
On Tuesday, markets were dominated by negative sentiment. The WIG20 set a trough at 3,585 points in the first part of the session, but by the end of trading the decline range narrowed and the index ultimately fell 0.41% to 3,644 points.
The year 2026 brought another decline in the amount of gold accumulated in the Russian Central Bank. In this way, the Kremlin aims to fight the effects of economic problems that are primarily caused by the war in Ukraine, which was triggered by Russia. The costs of the military operation are enormous, and the loss of precious metal may not end. The topic of changing the head of the Russian Central Bank is increasingly appearing.
The saga of the Dino store chain continues. Union members are not giving up, adding more demands to the list. The company’s board, as it did not react, does not react now either. At least, when it comes to meeting employee demands. The Ministry of Family, Labour and Social Policy is watching the case, which does not rule out further legal steps.
The narrative of AI taking jobs is gaining momentum, and Oracle has just delivered a powerful argument to that effect. The tech giant trimmed its workforce by 13%, saying goodbye to about 21,000 employees in fiscal year 2026. The official reason is a massive restructuring and automation of operations using AI. In the tech market and on the stock exchange, the news rattled as severance costs wrecked short‑term cash flows.
Today the focus will be on preliminary PMI readings in the base markets. The country will publish M3 money supply data. In this essay we analyze whether the Strait of Hormuz has been opened as the US claims or closed as Iran declares.
The World Cup has been captivating fans worldwide for almost two weeks. In Poland, the excitement is somewhat lower than usual, as our national team was absent from the tournament participants.
Today’s data on money supply in Poland, Hungary’s central bank decision, preliminary PMI for June
In May retail sales, construction output and wages rose less than the market and we expected
The zloty stood out yesterday with weakness amid further oil price decline and a persistently low EURUSD
Will the dollar's rise wave stop? On Tuesday morning the U.S. currency was gaining, but on many charts we are at significant technical levels, including the dollar index itself (around 100.90 points).
Investors from the Prince's Circle are once again sniffling, and the red bars on CD Projekt's charts spark debates on forums. While the market reacts nervously to the lack of immediate profits, beneath the surface of market fluctuations the Warsaw giant is securing fuel for a decade of technological and creative progress. Analysts say CDR shares could soon take off, but not as expected.
Doctors’ salaries in Poland have been debated for a long time. The topic has again gained attention thanks to a young doctor from Warsaw South Hospital, who earned almost 1.6 million PLN in a year. Not all medical professionals receive such generous pay, although they probably have little reason to complain. Polish doctors are increasingly catching up with their counterparts in Germany or Austria in terms of earnings.
Does the golden king lose its crown? After record highs near 5600 USD per ounce, the precious metal’s price has been sharply falling for several weeks, and the top financial institutions are slashing their forecasts in bulk. Deutsche Bank and Goldman Sachs leave no room for illusion. The hawkish Fed policy and shrinking investment demand are effectively cooling the market that had been burning hot.
From weak data from Poland we see a clear reversal away from the Polish currency. The euro rate is highest since the beginning of April. In the background, as every year after the March and April upswing, the average wage has slightly fallen. In Canada, despite rising inflation, markets do not expect a reaction to interest rates.
The latest round of sanctions relief has not yielded breakthrough information from the Middle East conflict. Regarding the global supply of energy resources, it was important for the Treasury Department to issue a decision granting Iran a 60‑day exemption from sanctions on the extraction, sale, and delivery of crude oil and petrochemical products.
The Ministry of Finance provided estimated data on the State Treasury's debt at the end of May 2026. It shows that public debt is rising and at a rapid pace. In just one month, obligations increased by almost 47 billion PLN. And that is only one of the bad news. Poland may soon exceed the constitutional public debt threshold, which is over 60% of GDP.
On Monday the zloty clearly weakened against the euro and the dollar, and the EURPLN and USDPLN rates rose to roughly 4.2750 and 3.74 respectively. In the base FX markets the dollar strengthened, and the EURUSD rate fell to around 1.1430.
Consumers in California are accusing well-known fuel chains of using artificial intelligence to illegally coordinate gasoline prices. The practices that violate antitrust law occurred in a state already hit by exceptionally high fuel prices, further inflated by the war in the Middle East.
This morning the foreign exchange market stabilized. The EUR/PLN rate oscillates around 4.2752, slightly above yesterday's close, while EUR/USD records 1.1427, also without major changes compared to yesterday.
The financial markets are entering a new week clearly nervous — tech giants are losing their shine, Asia is advancing with momentum, and the dollar is slowly but steadily rebuilding its position. Against this backdrop, the EURUSD pair hovered on the edge of support that could decide the direction of the rate for the coming weeks.
Investors at the Royal Palace are folding their hands, while the copper giant from Lubin has once again begun dictating terms on the Warsaw floor. May sales results from KGHM Group show that the Polish company can squeeze maximum from the market even when global trends throw obstacles in its path. Although production is slightly slowing, copper sales and a powerful surge in demand for silver and molybdenum have heated up the market charts.
Consumers will soon have to dig deeper into their pockets. All because of a new fee that the European Union has decided to introduce. It will apply to goods purchased from China. They could rise from a few to several dozen zlotys.
