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EURPLN Reverses Earlier Gains as Zloty Outperforms Regional Peers


The dip in UST yields and accompanying greenback weakness on the back of the weaker-than-expected US ISM numbers provided some additional downside impetus to EURPLN, albeit the move lower was limited in scale.

  • The cross is still down 0.40% at typing, near yesterday’s lows, with this week’s multi-year lows of 4.3174 the target for bears.
  • While moves today across broader global markets have been supportive of wider EM FX, PLN has been one of the most notable outperformers.

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