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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.
CEE FX
- CZKPLN continues to trend higher this morning after finding support slightly below the 0.18 level last week.
- Yesterday’s hawkish comments from CNB Governor Rusnok (terminal rate closer to 4%) keeps supporting the CZK against PLN (where policy outlook still remains uncertain).
- The PLN is the most vulnerable currency among the CEE region: rising covid uncertainty, FX loan settlements, sharp flattening of the yield curve are additional risk factors that could impact the zloty in the medium term.
- Key resistance to watch on the topside stands at 0.1857, which corresponds to the pair’s all-time high reached in November.
Source: Bloomberg/MNI
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.
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