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PLN: Zloty Tad Softer, Current Account Data Eyed

PLN

EUR/PLN trades a touch higher at 4.2876 in a quiet end to the week, with familiar technical levels still in play. Bulls look for a break above Aug 28/Sep 12 highs of 4.3039/43, while bears see Aug 16 low of 4.2614 as their initial target.

  • POLGB curve has shifted lower and runs a tad flatter, even as 5s outperform. The WIG20 Index trades 0.5% higher on the session, trimming its weekly loss.
  • Statistics Poland confirmed that headline inflation was +4.3% Y/Y in August, staying above the NBP's target of +2.5% Y/Y +/- 1pp. Official core inflation data will be published on Monday.
  • On the data front, the focus turns to July current account balance, due for release at 13:00BST/14:00CEST.

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