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EUR/PLN Drifts Lower As NBP Steps in on CHF Loans

POLAND
  • Poland rates marginally higher at the open after trading choppily in yesterday's session to close slightly higher. 5Y holding below 0.60, while 10Yhovers beneath 1.26.
  • EUR/PLN retraces an early move lower towards 4.47 on signs that the NBP is moving closer to helping local banks with CHF loans, but demanding an immediate halting of dividends and bonuses in return.
  • Downside pressure in the cross remains present. Sup1: 4.4640, Sup2:
  • 4.509, Res1: 4.4812, Res2: 4.4896
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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