USDPLN Analysis: The Polish economy shows signs of slowdown

By IFCMarkets.com

The Polish economy shows signs of slowdown

The upward movement indicates the weakening of the Polish zloty against the US dollar. In August, the Markit Poland Manufacturing PMI was 50.6 points. This is less than both the forecast (52.9) and the July indicator (52.8). In August, inflation in Poland amounted to 2.9% in annual terms. This is much higher than the rate of the National Bank of Poland, which now stands at 0.1%. In the US, the ISM Manufacturing PMI rose to 56 points in August from 54.5 in July. The Markit US Manufacturing PMI final in August was 53.1. Recall that the next meeting of the Central Bank of Poland will be held on September 8 (next week). No rate change is expected.

Summary of technical analysis

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