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Single Digit CPI Would Be First in 18 Months

POLAND
  • CPI takes focus Friday, with markets expecting Y/Y CPI to have slowed to 8.5% from 10.1% in August. M/M inflation is seen rising to 0.1% from 0.0% for the month covering the surprise NBP rate cut. A slip below 10.0% for Y/Y would mark the first single digit inflation reading for around 18 months.
  • EURPLN remains in a bull cycle and the recent pullback is considered corrective. Moving average studies are in a bull-mode position and this highlights an uptrend. The cross has recently breached 4.4683, the 50.0% retracement of the Sep 2022 - Jul bear leg.
  • The break strengthens the current bullish theme and opens 4.7072, the 61.8% retracement point. Initial firm support is at 4.5918, the 20-day EMA. The 50-day EMA lies at 4.5412.
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com

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