EUR/PLN has lodged some mild losses this morning and last deals -16 pips at PLN4.7008. Bears look for losses past Mar 1 low of PLN4.6620, which would suggest that downside momentum is picking up. Conversely, bulls look for a rally towards Feb 22 high of PLN4.7654.

  • POLGB yields sit slightly higher (1.4-5.8bp) despite easing off earlier highs. Local equity benchmark WIG20 has shed ~0.6% and is testing support from its 200-DMA.
  • NBP hawk Ludwik Kotecki said that the latest macroeconomic projections do not warrant cutting interest rates through the end of the forecast horizon and said that the MPC is not currently discussing loosening monetary policy.
  • We will get core CPI, trade and current account data from the central bank later today.

PLN: Zloty Edges Higher, Core CPI Eyed

Last updated at:Mar-16 10:34By: Krzysztof Kruk

EUR/PLN has lodged some mild losses this morning and last deals -16 pips at PLN4.7008. Bears look for losses past Mar 1 low of PLN4.6620, which would suggest that downside momentum is picking up. Conversely, bulls look for a rally towards Feb 22 high of PLN4.7654.

  • POLGB yields sit slightly higher (1.4-5.8bp) despite easing off earlier highs. Local equity benchmark WIG20 has shed ~0.6% and is testing support from its 200-DMA.
  • NBP hawk Ludwik Kotecki said that the latest macroeconomic projections do not warrant cutting interest rates through the end of the forecast horizon and said that the MPC is not currently discussing loosening monetary policy.
  • We will get core CPI, trade and current account data from the central bank later today.

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