USD/PLN continues to shoot higher on surprisingly deep NBP rate cut, breaching 4.3200

Share: Polish central bank cuts interest rates deeper than expected, draws criticisms. Politics appear to be influencing central bank action rather than the economy. Polish inflation is still in double-digit territory despite recent declines. The USD/PLN is pushing higher following an interest rate cut from the National Bank of Poland (NBP), sending the

US stocks shoot to the upside. NASDAQ index leads the way

The major US indices opened higher and moved even higher in the early trading for the day. Stocks are reacting to lower yields with the 10 year now down -7.4 basis points. The thirty-year is down -3.7 basis points. A snapshot of the market 12 minutes into the open and showing: Dow industrial average up