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PLN Remains Soft as Hungary's NBH Meeting Comes Into Focus

POLAND
  • EUR/PLN trades +0.02% higher at the open, diverging somewhat from the CEE region as traders continued to favour currencies reinforced by central bank tightening cycles (HUF & CZK).
  • The cross ended marginally higher in yesterday's session and remains within the bull channel pattern on the daily chart.
  • Unemployment data is due at 0900BST and expected to moderate somewhat.
  • Focus today will be on the NBH meeting and broad global risk sentiment for directionality.
  • Intraday Sup1: 8.5792, Sup2: 8.5738, Res1: 8.5898, Res2: 4.60
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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