Free Trial

Sell-Side Shifts UW CEE, EUR/PLN Pressures 4.60

POLAND
  • EUR/PLN notched higher this morning in response to rising UST yields and potential signs of increased open market operations from the NBP.
  • Spot pulled back to 4.60 early in the session and may trade choppily into the weekend.
  • EUR/USD has erased most of its post-ECB gains, trading back below 1.1950 and keeping EUR/PLN pegged higher.
  • As noted yesterday, sell side has shifted UW CEE with a focus on PLN & HUF: dovish tilt in PLN & escalating Covid situation in HUF.
  • Intraday Sup1: 4.5782, Sup2: 4.5639, Res1: 4.5988, Res2: 4.6039
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com

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.