MNI BRIEF: Macron Stresses EU Unity Need Post US Vote

MNI China Daily Summary: Wednesday, Nov 6

MNI: UK OCT CONSTRUCTION PMI 54.3 (FCST 55.1); SEP 57.2

MNI BRIEF: NBP Holds Key Rates At 5.75%

MNI BRIEF: mBridge Project To Move Forward Despite BIS Exit

MNI BRIEF:China's Nov Retail Prosperity Index Remains Above 50

MNI: US MBA: MARKET COMPOSITE -10.8% SA THRU NOV 01 WK

US MBA: REFIS -19% SA; PURCH INDEX -5% SA THRU NOV 1 WK

MNI: EUROZONE SEP PPI -0.6% M/M, -3.4% Y/Y

EUROPEAN FISCAL: DE 2025 Budget Gap Grows; Political Risk Is Rising

CANADA: Politics Week: Trudeau Facing More Internal Dissent And Departures

CANADA: Politics Week: Trudeau Faces More Pressure To Resign

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

PLN: Zloty Stays Near Recent Levels, Liquidity Thinned By Public Holiday

PLN
PolandCEEMEAEM BulletBulletGlobalEmerging Market NewsRegion

EUR/PLN price action has been capped around the 4.35-4.36 area despite continuously pressing against that resistance over the past few days. This comes on the heels of a steep bullish run, which has seen the pair gain nearly 2.5% from the cyclical lows printed in late September. The rate last deals +23 pips at 4.3570, with bulls eyeing Jun 14 high of 4.3826.

  • Deputy Finance Minister Jurand Drop provided an update on the financing of Poland's gross borrowing needs after the recent budget amendments, which involved a considerable increase in the deficit target. The official said that Poland has financed 95% of its borrowing needs as of end-October. Elsewhere, the Finance Ministry confirmed that it is planning to offer PLN5bn-10bn of bonds both on November 14 and November 21.
  • CE3 FX are set to be vulnerable in the coming days owing to the US election and concerns about the implications of the outcome for the ongoing war in Ukraine.
  • Polish markets are closed for a public holiday today.
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 price action has been capped around the 4.35-4.36 area despite continuously pressing against that resistance over the past few days. This comes on the heels of a steep bullish run, which has seen the pair gain nearly 2.5% from the cyclical lows printed in late September. The rate last deals +23 pips at 4.3570, with bulls eyeing Jun 14 high of 4.3826.

  • Deputy Finance Minister Jurand Drop provided an update on the financing of Poland's gross borrowing needs after the recent budget amendments, which involved a considerable increase in the deficit target. The official said that Poland has financed 95% of its borrowing needs as of end-October. Elsewhere, the Finance Ministry confirmed that it is planning to offer PLN5bn-10bn of bonds both on November 14 and November 21.
  • CE3 FX are set to be vulnerable in the coming days owing to the US election and concerns about the implications of the outcome for the ongoing war in Ukraine.
  • Polish markets are closed for a public holiday today.