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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.
POLAND
- Selling pressure on PLN remains elevated in the current environment, with USDPLN breaking above the 4.40 level this week and currently trading at the high of its 1M range.
- The PLN weakness has also been weighing on Polish risky assets, with the WIG20 index currently trading slightly above its May low at 1,652.
- The chart below shows that period of PLN depreciation have been associated with equity weakness (and vice versa), therefore new highs on the US Dollar in the near term could send equities to November 2020 lows.
- Today, economic to watch will be core CPI (2pm CET), expected to accelerate to 8.5% in May (up from 7.7% the previous month)
Source: Bloomberg/MNI
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.
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