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EUR/PLN Remains Choppy; Local Rates Marginally Lower

POLAND
  • Local rates marginally lower at the open after a choppy close to the week in line with EM peers.
  • 5Y holding below 0.40, 10Y testing 1.20 support.
  • EUR/PLN pares early gains as the sideways range continues to hold.
  • Focus this week on data with Industrial output, unemployment and FY20 GDP due.
  • Cross battling to find any decisive direction under threat of NBP intervention towards 4.48-4.50.
  • Res1: 4.5414, Res2: 4.5646, Sup1: 4.5302, Sup2: 4.5272
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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