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Zloty Edges Higher Alongside POLGB Yields

PLN

EUR/PLN has eased off and last trades -31 pips at PLN4.6848, holding the prior day's range. A sell-off past Mar 1 low of PLN4.6620 would open up scope for deeper losses, while bulls look for a rebound above Mar 20 high of PLN4.7215.

  • POLGBs are softer across the curve, with yields last seen 4.0-9.3bp higher at typing. Local equity benchmark WIG20 sits ~0.8% above neutral levels.
  • Poland's flash CPI data for March will be published on Friday. It is expected that inflation started to slow from a February peak.

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