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PLN: Zloty Rangebound, Consumer Confidence Improves

PLN
PolandCEEMEAEM BulletBulletGlobalEmerging Market NewsRegion

EUR/PLN holds a familiar range with the local headline flow dominated by updates on ongoing floods inflicting heavy damage in southwestern Poland. The pair last deals -19 pips at 4.2723, with the initial layer of support defined at 4.2614, the low print of Aug 16. A break here would open up the 4.25 support zone. Conversely, bulls look for a rebound above Aug 28/Sep 12 highs of 4.3039/43.

  • POLGB have firmed at the margin across the curve, with yields last seen 0.5-1.8bp higher. The WIG20 Index has added 0.5%, extending yesterday's gain.
  • Consumer confidence in Poland improved to -13.9 this month from -15.9 recorded last month, beating the consensus forecast of -14.5.
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EUR/PLN holds a familiar range with the local headline flow dominated by updates on ongoing floods inflicting heavy damage in southwestern Poland. The pair last deals -19 pips at 4.2723, with the initial layer of support defined at 4.2614, the low print of Aug 16. A break here would open up the 4.25 support zone. Conversely, bulls look for a rebound above Aug 28/Sep 12 highs of 4.3039/43.

  • POLGB have firmed at the margin across the curve, with yields last seen 0.5-1.8bp higher. The WIG20 Index has added 0.5%, extending yesterday's gain.
  • Consumer confidence in Poland improved to -13.9 this month from -15.9 recorded last month, beating the consensus forecast of -14.5.