Free Trial

EUR/PLN Reverses Back Towards 4.50, Snubs FX Loan Progress

POLAND
  • Local rates open lower after a choppy session yesterday, that ended in mostly higher yields across the curve.
  • 10Y eyes 0.56 level, while 20Y may drift towards 1.22, provided risk sentiment remains supportive.
  • EUR/PLN continues its upward push after rejecting a downside breakout through 4.47.
  • Spot now trading around 4.50. Positivity surrounding progress on the FX loan saga seems to have been broadly ignored, but may start to have a larger impact into next week as the narrative develops further.
  • Limited data on the agenda leaves the cross vulnerable to global risk sentiment.
  • Sup1:4.4883, Sup2: 4.4739, Res1: 4.50, Res2: 4.5085
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.