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USDCAD TECHS

Consolidation Mode But Remains Bearish

AUDUSD TECHS

Fails To Hold Onto Thursday’s High

US

'Big Tech' Bill Goes To Senate

COMMODITIES

Oil Up For Fifth Week On Supply Disruption, Geopolitics

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  • EU Dombrovskis commented earlier that it is unlikely that the EU will finalize work on Poland recovery plan this year.
  • We previously mentioned that the ongoing dispute with the EU was one of the major risks for PLN and Polish risky assets in the medium term.
  • A delay in pandemic aid combined with the rise in uncertainty over the economic outlook could both weigh on growth expectations and therefore on the zloty.