Free Trial
CROSS ASSET

MONTH END EXTENSION

US 10YR FUTURE TECHS

(Z2)‌‌ Pierces Resistance

LNG

LNG Flows to Europe Despite Warm November

STIR FUTURES

Terminal Fed Rate Unwinds FOMC Minutes Dip

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access

MPC's Dabrowski Expects Rate-Hike Pause To Continue

PLN

The Zloty moved away from its session highs versus the Euro as NBP's Dabrowski said the rate-hike pause will continue. EUR/PLN has now resumed losses and last trades at PLN4.6911, down 50 pips on the day, looking to retest session lows of PLN4.6862.

  • Dabrowski told Reuters that "we can't say that we've definitely finished (rate hikes), but for now everything looks like this break will continue for a while," albeit he emphasised that it was not possible to determine how long interest rates will remain at the current level. He was optimistic about inflation returning to the target range faster than projected by the NBP.
  • Gov't bond yields have stabilised in the wake of their initial upswings. They now sit 11.4-14.1bp higher across the curve.
  • WIG20 briefly pierced its 200-DMA but is struggling to make much headway beyond there. The index trades flat at typing, flirting with the aforesaid moving average.
148 words

To read the full story

Why Subscribe to

MarketNews.com

MNI is the leading provider

of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.

Our credibility

for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.

The Zloty moved away from its session highs versus the Euro as NBP's Dabrowski said the rate-hike pause will continue. EUR/PLN has now resumed losses and last trades at PLN4.6911, down 50 pips on the day, looking to retest session lows of PLN4.6862.

  • Dabrowski told Reuters that "we can't say that we've definitely finished (rate hikes), but for now everything looks like this break will continue for a while," albeit he emphasised that it was not possible to determine how long interest rates will remain at the current level. He was optimistic about inflation returning to the target range faster than projected by the NBP.
  • Gov't bond yields have stabilised in the wake of their initial upswings. They now sit 11.4-14.1bp higher across the curve.
  • WIG20 briefly pierced its 200-DMA but is struggling to make much headway beyond there. The index trades flat at typing, flirting with the aforesaid moving average.