MNI: PBOC Sets Yuan Parity Higher At 7.1935 Weds; +0.09% Y/Y

CHINA PBOC CONDUCTS CNY302.1 BLN VIA 7-DAY REVERSE REPOS WEDS

CHINA SETS YUAN CENTRAL PARITY AT 7.1935 WEDS VS 7.1911

MNI BRIEF: China Nov LPR Holds Steady

MNI CBRT WATCH: Rates To Hold As Inflation Forecast Raised

MNI NBH WATCH: Rates Held At 6.5% As Expected

Japan Oct Exports +3.1% Y/Y; Imports +0.4% Y/Y

MNI: UK AUG-OCT MEDIAN PAY AWARDS +4% :Brightmine

MNI: JAPAN OCT EXPORTS +3.1% Y/Y; SEPT -1.7%

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

MNI EXCLUSIVE: German Turmoil Dashes EU's Joint-Funding Hopes -Officials

FED: Powell's Time Looks Up, Replacement Could Be Less Willing To Cut Rates?

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

PLN: Zloty Edges Higher With NBP Rate Decision Due Tomorrow

PLN
PolandCEEMEAEM BulletBulletGlobalEmerging Market NewsRegion

EUR/PLN changes hands at 4.2824, down 20 pips on the day, holding onto a relatively tight range. Bears look for a move towards the 4.25 support zone as well as Jul 15 low of 4.2471. Conversely, bulls see Aug 28/Sep 12 highs of 4.3039/43 as their initial target.

  • The latest S&P Global survey showed that the contraction in Poland's manufacturing sector may have moderated more than expected, with headline index recovering to 48.6 versus 47.3 expected. S&P commented that the recent outturns are "indicating a further easing of the downturn in manufacturing."
  • The National Bank of Poland (NBP) begins its monetary policy meeting today. Virtually all analysts expect another on-hold decision, but a debate on cutting rates may start in early 2025.
  • POLGBs are marginally firmer today, with yields last seen 0.3-1.1bp lower. The Finance Ministry said that it is planning to sell PLN40bn-60bn worth of bonds at 6-7 auctions in 4Q2024.
  • The WIG20 Index tumbled 2.5% yesterday and is extending those losses, losing a further 0.9% this morning.
165 words

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.

EUR/PLN changes hands at 4.2824, down 20 pips on the day, holding onto a relatively tight range. Bears look for a move towards the 4.25 support zone as well as Jul 15 low of 4.2471. Conversely, bulls see Aug 28/Sep 12 highs of 4.3039/43 as their initial target.

  • The latest S&P Global survey showed that the contraction in Poland's manufacturing sector may have moderated more than expected, with headline index recovering to 48.6 versus 47.3 expected. S&P commented that the recent outturns are "indicating a further easing of the downturn in manufacturing."
  • The National Bank of Poland (NBP) begins its monetary policy meeting today. Virtually all analysts expect another on-hold decision, but a debate on cutting rates may start in early 2025.
  • POLGBs are marginally firmer today, with yields last seen 0.3-1.1bp lower. The Finance Ministry said that it is planning to sell PLN40bn-60bn worth of bonds at 6-7 auctions in 4Q2024.
  • The WIG20 Index tumbled 2.5% yesterday and is extending those losses, losing a further 0.9% this morning.