Free Trial

PLN: Zloty Gains, POLGB Curve Shifts Higher

PLN

EUR/PLN is under pressure as riskier assets trade on a firmer footing, with zloty liquidity likely lowered as some traders are still off desk in the interim between yesterday's public holiday and the weekend. The rate last deals at 4.2756, down 123 pips on the session, with bears looking for a dip through Jul 26 low of 4.2671. On the flip side, bull look for gains past Aug 9/Jul 2 highs of 4.3309/21.

  • The POLGB curve has steepened, with yields last sitting 5.8-8.1bp higher. The yield spread between 10-year POLGB/Bunds has grown wider, attacking the 300bp barrier.
  • Poland's YtD budget deficit widened to PLN82.768bn in July from the revised PLN69.903bn in June.
  • The NBP will report core inflation data for the month of July at 13:00BST/14:00CEST.

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.