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EUR/PLN At October Lows on Well-Received Bond Auction

PLN
  • EURPLN breaking lower in recent trade, with support at the Tuesday / Wednesday lows of 4.7811 giving way and prompting new October lows for the cross.
  • Markets now within range of 50-dma support at 4.7606 following the bond auction, which markets seem to have absorbed well, despite not selling the full allotment of Z4 - 6bln today.

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