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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
- With the concerns over the Russia/Ukraine conflict pushing strong preference for ‘safe assets’ such as the USD, selling pressure on CEE currencies have been intense in the past two days.
- USDPLN is up 20 figures this week, approaching its ST resistance at 4.2130 (November 23 high).
- Depreciating PLN keeps supporting inflation expectations and therefore is putting NBP policymakers in a difficult position as more tightening will continue to weigh on the economic activity.
- Recent geopolitical tensions have ‘ruined’ central banks and politicians’ effort to tame inflation and increased the probability of an economic downturn in the coming 6 to 12 months.
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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