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20Y Attracts Inflows; EUR/PLN Choppy Trading Persists

POLAND
  • Local rates continue on the front foot this morning, 20Y leading the way lower towards 1.15.
  • 10Y struggling for traction after easing higher in yesterday's session. 2Y choppy but drifting lower.
  • EUR/PLN is also trading choppily within a broad range.
  • A brief spike overnight towards 4.5464 resistance was met with sharp selling pressure, and spot is now holding below 4.5302 resistance and may push towards 4.5227 support.
  • Limited local catalysts leave the cross vulnerable to global factors.
  • Sup1: 4.5227, sup2: 4.5179, Res1: 4.5302, Res2: 4.5368
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com

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