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PLN Continues To Take Cues From EUR

POLAND
  • local curve opens slightly higher following a day of bull flattening early in yesterday's session which may look to persist today in subdued post-thanksgiving markets.
  • USD/PLN continues to trade choppily within its range (3.765-3.74), mirroring EUR/USD side moves as strong selling in the 1.1920-1.1940 zone keeps a lid price action.
  • Limited local data on the agenda today means external drivers should dominate price action today.
  • Focus will be on EU's response to yesterday's joint response from Poland & Hungary over the EU budget.
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com

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