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PLN: EUR/PLN Stays Close To 4.15, Ukraine Talks Under Scrutiny

PLN
PolandCEEMEAEM BulletBulletEmerging Market News

EUR/PLN continues to operate in the vicinity of the 4.15 figure and a clean break here would confirm that the underlying bearish trend remains intact. With the pair trading +12 pips at 4.1594 and the RSI remaining in oversold territory (27.7), bulls look for a rebound above the 4.20 mark, which would allow them to take aim at the 50-EMA at 4.2290.

  • Although the prospect of a potential ceasefire in Ukraine has supported CEE assets in recent weeks, the early stages of talks on the matter revealed potential sources of tensions between key parties. US-Russia talks went underway in Saudi Arabia today and the outcome will be closely monitored by European leaders.
  • POLGB yields generally sit slightly higher. PAP news agency reported that Poland has financed 45% of its 2025 borrowing needs, ahead of tomorrow's auction of PLN6bn-10bn of POLGBs.
  • The WIG Index is up by 1%, extending its bullish run; the WIG20 Index has added 1.1%.
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EUR/PLN continues to operate in the vicinity of the 4.15 figure and a clean break here would confirm that the underlying bearish trend remains intact. With the pair trading +12 pips at 4.1594 and the RSI remaining in oversold territory (27.7), bulls look for a rebound above the 4.20 mark, which would allow them to take aim at the 50-EMA at 4.2290.

  • Although the prospect of a potential ceasefire in Ukraine has supported CEE assets in recent weeks, the early stages of talks on the matter revealed potential sources of tensions between key parties. US-Russia talks went underway in Saudi Arabia today and the outcome will be closely monitored by European leaders.
  • POLGB yields generally sit slightly higher. PAP news agency reported that Poland has financed 45% of its 2025 borrowing needs, ahead of tomorrow's auction of PLN6bn-10bn of POLGBs.
  • The WIG Index is up by 1%, extending its bullish run; the WIG20 Index has added 1.1%.