Free Trial

PLN Consolidates Sharply Following Recent Sell-Off

POLAND
  • USDPLN has been retracing lower in the past few days, currently trading slightly below the 4.16 level; next support to watch on the downside stands at 4.10. On the topside, first resistance stands at 4.20, followed by 4.2130.
  • EURPLN has been consolidating sharply lower in recent days after reaching a local high at 4.7420 on Tuesday; ST support to watch on the downside stands at 4.65. On the topside, next resistance to watch stands at 4.79.
  • Poland 10Y yield stabilizes slightly below 3.40% after consolidating sharply higher in recent weeks; key resistance to watch on the topside stands at 3.50%. On the downside, first support stands at 3.28%, followed by 3.13%.

Source: Bloomberg/MNI

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.