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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.
POLAND
- EUR/PLN trades +0.06% higher this morning, bucking the trend of early strength in EM FX on firmer risk sentiment out of the APAC session.
- PLN continues to underperform HUF & CZK as central bank divergences become more entrenched.
- Political risks/uncertainty in Poland also remain elevated due to internal ructions within the PiS and friction with the EU – keeping PLN on the back foot.
- The cross remains within the bull cannel pattern established on 07 June with markets fading PLN strength towards the lower threshold of the channel.
- Attention remains on the 4.60 resistance level for a more meaningful move higher towards 4.62 & 4.65.
- Intraday Sup1: 4.5792, Sup2: 4.5738, Res1: 4.5898, Res2: 4.5953
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com
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.
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