Free Trial

EUR/PLN Retains Upside Bias as CHF Loans & EUR Weakness Weigh

POLAND
  • EUR/PLN trading flat at the open after being better bid in yesterday's session.
  • While the NBP meeting didn't move the needle, comments from the Finance Ministry leaving banks on their own in the CHF loan issue and threatening to breach the 60% debt:GDP cap sent EUR/PLN higher.
  • This was interesting, given the NBP's voiced willingness to assist in easing CHF loan pressure. Expect plenty of noise and for the PLN to remain under pressure towards 25 March court ruling on the matter.
  • Escalating virus incidences and weakness in EUR/USD also adding weight to upside risks.
  • Intraday Sup1: 4.5414, Sup2: 4.5368, Res1: 4.5525, Res2: 4.5590
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com

To read the full story

Close

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.