Free Trial

Morawiecki Sees Big Chances for EU Recovery Aid Approval Within Days

POLAND
  • This morning, PM Morawiecki said that he sees big chances for EU recovery aid approval within days.
  • This follows VdL comments yesterday that she may announce approval on her visit to Poland on June 2.
  • EURPLN continues to consolidate lower this morning, falling below the 4.60 level after breaking below the 200DMA support this week.
    • Next key level to watch on the downside stands at 4.5250.
  • Economic data to watch this morning are consumer confidence and unemployment rate, coming out at 9am (UK time).
    • Unemployment rate is expected to tick lower to 5.3%

Source: Bloomberg

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.