Free Trial

EURPLN Surges Back to 4.70 Level

POLAND
  • PLN suffers significant losses in recent days amid Ukraine crisis, with EURPLN breaking back above the 4.70 key resistance this morning. Next important level to watch on the topside stands at 4.7420 (Nov 23 2021 high).
  • Deputy Foreign Minister Pawel Jablonski said that sanctions should be extended to also Belarus, which is an ally of Russia.
  • According to data from border guards authority SG, 281K people have fled Ukraine (for Poland) since the start of the Russian attack (Feb. 24).
  • This morning, economic data showed that the final Q4 GDP YoY print remained at 7.3%.

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.