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[1/2] Shadow of the supporter is pictured during the election convention of Law and Justice (PiS) party, before Sunday's parliamentary elections, in Przysucha, Poland October 9, 2023. "It is the most important election we have this year in Europe," said Viktor Szabo, portfolio manager at asset manager abrdn, adding markets had not priced in scenarios such as a hung parliament or the possibility of an early election. Such a scenario would be a key positive for both the currency and Polish equities, said Anna Zadornova, an economist at UBS. "Ultimately there is a point where you need to yield to the economics and how things are going," said Kaan Nazli, a portfolio manager at Neuberger Berman. ($1 = 0.9461 euros)Reporting by Karin Strohecker and Marc Jones, editing by Alexander SmithOur Standards: The Thomson Reuters Trust Principles.

Persons: Kacper, Viktor Szabo, Szabo, PiS, Daniel Wood, William Blair, Anna Zadornova, Banks, Morgan, Goldman Sachs, Adam Glapinski, Kaan Nazli, Neuberger Berman, Karin Strohecker, Marc Jones, Alexander Smith Organizations: Law, Justice, REUTERS, LONDON, abrdn, European Union, JPMorgan, Reuters Graphics EU, EU, liberal Civic Coalition, UBS, Poland's, Copley Fund, Reuters, Thomson Locations: Przysucha, Poland, Europe, loggerheads, Brussels, Romania, Hungary

☆ Bus passengers left stranded for days at station in California in freak winter storm
▼ + stars: | 2023-03-04 | by ( Aidan Pollard | ) www.businessinsider.com time to read: +3 min

Dozens of passengers were left stranded in a Sacramento bus station after highways closed this week. Although Sacramento was not under a state of emergency this week, winter weather and closed freeways still left travelers stranded at the Greyhound station. According to Bowers, stranded travelers were better off sheltering in place. He told KCRA the city worked with the Red Cross to provide necessities like blankets to the passengers at the station. One traveler at the station told KCRA that being stranded was miserable, but the city was accommodating under the circumstances.

☆ Dollar on track for biggest plunge since 2015 as investors exit crowded positions
▼ + stars: | 2022-11-10 | by ( Saqib Iqbal Ahmed | ) www.reuters.com time to read: +3 min

[1/3] U.S. dollar banknotes are seen in this illustration taken July 17, 2022. The scope of the dollar's moves against many currencies on Thursday has been breathtaking, as investors pull back from what has been seen as an extremely crowded trade in foreign exchange markets. Against a basket of currencies , the dollar was off about 1.9%, on pace for its worst day in nearly seven years. The reversal of these trades could fuel further dollar weakness, analysts said, if further signs of economic softening lead investors to bet on a less hawkish Fed. Daniel Wood, portfolio manager on the emerging markets debt team at William Blair, has increased bets on emerging market currencies rising against the dollar.

☆ Turkey slashes interest rates by 150 basis points despite inflation at 83%
▼ + stars: | 2022-10-20 | by ( Natasha Turak | ) www.cnbc.com time to read: +2 min

Turkey's central bank slashed its key interest rate by 150 basis points for the third consecutive month of cuts on Thursday, from 12% to 10.5% — despite Turkish inflation at more than 83%. Market analysts expected a 100 basis-point cut, so the move still managed to take many by surprise despite the increasing regularity of Turkey's interest rate cuts. Erdogan vocally espouses the unorthodox belief that raising interest rates increases inflation, rather than the other way around, and has called raising rates "the mother of all evil." The lira was roughly flat after touching an all-time low following the news at 18.615 to the dollar. "The lira remains weak, real yields are artificially low, inflation has surged and the current account remains in deficit.

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