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Free AccessPLN: Zloty & POLGBs Edge Higher, Building On Yesterday's Gains
The zloty extends yesterday's gains, which took EUR/PLN through support from its 20-EMA, albeit more cautiously. The pair has shed just 17 pips this morning to last trade at 4.2928 and bears look for a move towards 4.2791, the 76.4% of the May 28 - Jun 14 rally, followed by the 4.25 area. On the flip side, bulls initially look for a rebound towards Jun 21 high of 4.3360.
- POLGBs are a touch firmer, extending recent gains, with the 5-8 sector outperforming. The WIG20 Index advances further, printing its best levels since May 23.
- Poland's unemployment rate edged lower to 5.0% in May from 5.1% prior, in line with consensus and a preliminary estimate provided by the government.
To read the full story
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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.