MNI: China CFETS Yuan Index Up 0.01% In Week of Nov 22

MNI: PBOC Net Injects CNY76.7 Bln via OMO Monday

MNI: PBOC Sets Yuan Parity Lower At 7.1918 Mon; -1.35% Y/Y

CHINA PRESS: Yuan To Reach 17% Of Global Payments By 2035

MNI China Daily Summary: Friday, November 22

MNI: PBOC Net Drains CNY345.9 Bln via OMO Friday

EZ/UK T-Bill Calendar: Germany, France Auction on Monday

EZ/UK Bond Supply Calendar: Gilt Syndi; IT, EU Due Monday

MNI: UNIV OF MICHIGAN CONSUMER SENTIMENT FINAL NOV INDEX 71.8

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 Steadies Towards End Of NBP-Dominated Week

PLN
PolandCEEMEAEM BulletBulletGlobalEmerging Market NewsRegion

EUR/PLN stopped short of testing 4.3123, the 76.4% retracement of the Aug - Sep sell-off, and remains stable this morning. The pair last deals at 4.3075 and bears look for a pullback towards Sep 25 low of 4.2520, as well as the 4.25 support zone and Jul 15 low of 4.2471. On the topside, the focus is on Aug 9 high of 4.3309.

  • The NBP has stolen the limelight this week, with the market taking note of a further dovish shift in Governor Glapinski's rhetoric at yesterday's press conference. The minutes of last month's meeting, due for release this afternoon, have little potential to move markets, with market participants focusing on the updated guidance.
  • POLGB yields are a tad higher across the curve. Polish FRAs are stable after the NBP presser resulted in a move lower, with 6x9 contracts trading 44bp below 3-month WIBOR. The WIG20 Index deals 0.5% above neutral levels.
  • With little in the way of notable releases on the local docket today, the focus turns to the US NFP report.
170 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 stopped short of testing 4.3123, the 76.4% retracement of the Aug - Sep sell-off, and remains stable this morning. The pair last deals at 4.3075 and bears look for a pullback towards Sep 25 low of 4.2520, as well as the 4.25 support zone and Jul 15 low of 4.2471. On the topside, the focus is on Aug 9 high of 4.3309.

  • The NBP has stolen the limelight this week, with the market taking note of a further dovish shift in Governor Glapinski's rhetoric at yesterday's press conference. The minutes of last month's meeting, due for release this afternoon, have little potential to move markets, with market participants focusing on the updated guidance.
  • POLGB yields are a tad higher across the curve. Polish FRAs are stable after the NBP presser resulted in a move lower, with 6x9 contracts trading 44bp below 3-month WIBOR. The WIG20 Index deals 0.5% above neutral levels.
  • With little in the way of notable releases on the local docket today, the focus turns to the US NFP report.