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EUR/PLN Volatile & Rangebound Ahead of Unemployment & Consumer Confidence

CEE FX
  • EUR/PLN tight 4.4285-4.440 range holding with concerns over a third wave and upside CPI surprises weighing on PLN optimism and real yields.
  • HUF continues to outperform PLN with traders still favouring EUR/HUF shorts as price action negotiates the 200dma (354.64).
  • EUR sentiment still dominating price action with ECB stepping up its EUR jawboning in recent comments.
  • PLN focus shifts to data today 9am GMT:
  • Ave gross wages MoM at 0.4% exp vs 1.6% prior, YoY at 4.6% exp vs 4.7%
  • Employment MoM at -0.3% exp vs 0.1% prior, YoY at -1.5% exp vs -1.0%
  • Consumer Confidence -26.0 exp vs -29.2
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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