MNI BRIEF: Italian Business See Prices At 1.5% In 2025 -BOI

MNI China Daily Summary: Tuesday, January 14

MNI NBP WATCH: Rate Hold Seen After Governor's Hawkish Tilt

MNI BRIEF: PBOC To Ensure Yuan Stable, Ease For Economy: Xuan

MNI BRIEF: China Yields Will Reflect Fundamentals - PBOC

EZ/UK T-Bill Calendar: 12-Month BT Auction on Wednesday

EZ/UK Bond Supply Calendar: UK, Germany Auction on Wednesday

MNI: US DEC TREASURY BUDGET -$86.7B

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2025 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

CEE FX: ING Believe PLN Can Outperform Peers in Coming Days

CEE FX
BulletEM BulletEmerging Market News

ING note that although the relief in EUR/USD has brought a decent rally in CEE FX recently, they believe it will be short-lived. USD pressure is still evident in the market and ING believe CEE is lagging the emerging market trend.

  • The NBP market pricing is strongly on the dovish side, which should lead to easier hawkish repricing in the event of positive surprises from the economy or Friday's inflation, rather than a larger cut otherwise. Thus, the zloty has a chance to outperform CEE currencies in the coming days, ING say, even if a lower EUR/USD returns pressure to the region.
101 words

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.

ING note that although the relief in EUR/USD has brought a decent rally in CEE FX recently, they believe it will be short-lived. USD pressure is still evident in the market and ING believe CEE is lagging the emerging market trend.

  • The NBP market pricing is strongly on the dovish side, which should lead to easier hawkish repricing in the event of positive surprises from the economy or Friday's inflation, rather than a larger cut otherwise. Thus, the zloty has a chance to outperform CEE currencies in the coming days, ING say, even if a lower EUR/USD returns pressure to the region.