MNI China Daily Summary: Thursday, March 13

MNI BRIEF: China Has Been In Communication With U.S. On Trade

MNI BRIEF: China To Enhance Customs Clearance

MNI BRIEF: China Consumer Satisfaction Up

MNI: PBOC Net Drains CNY68.6 Bln via OMO Thursday

MNI: PBOC Sets Yuan Parity Higher At 7.1728 Thurs; -0.64% Y/Y

MNI: EUROZONE JAN IP +0.8% M/M, +0% Y/Y

MNI: SWEDEN FINAL FEB CPIF +2.9% Y/Y

MNI: US FEB TREASURY BUDGET -$307.0B

GERMANY: Union/SPD Migration Alignment After Turmoil Threatened Debt Deal (BILD)

GERMANY: Official Interim Election Results Tilt Towards Missing BSW & FDP

© 1982-2025 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

PLN: Zloty Edges Lower, NBP Presser On Radar

PLN
PolandCEEMEAEM BulletBulletEmerging Market News

EUR/PLN has edged higher ahead of NBP Governor Glapinski's press conference, which takes place after the MPC left interest rates unchanged, while its statement was leaning to the hawkish side. The pair last deals +44 pips at 4.1956 and bulls look for a clean break above the 50-EMA at 4.2011 before focusing on Feb 4 high of 4.2379. Meanwhile, bears see Feb 27 cycle low of 4.1272 as their initial key target.

  • Most analysts (see our summary here and here) interpreted the latest MPC statement as leaning to the hawkish side, while a bump to the 2026 CPI forecast took some off guard. The Governor may provide more details on the underlying assumptions during today's press conference. As things stand, it does not seem like he is about to significantly soften his hawkish tone.
  • Geopolitics remain a key factor to watch, with market participants assessing the odds of a ceasefire in Ukraine and potential implications for regional security. Prime Minister Tusk was in Ankara yesterday, seeking to strengthen ties with Turkey amid broader efforts to maintain a deterrent against Russia in the light of waning US commitments in Europe.
  • POLGB curve runs marginally steeper, with the 2-3 segment outperforming.
  • The WIG Index sits ~1% higher on the session; WIG20 Index is 1.9% better off.
210 words

To read the full story

Close

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.

EUR/PLN has edged higher ahead of NBP Governor Glapinski's press conference, which takes place after the MPC left interest rates unchanged, while its statement was leaning to the hawkish side. The pair last deals +44 pips at 4.1956 and bulls look for a clean break above the 50-EMA at 4.2011 before focusing on Feb 4 high of 4.2379. Meanwhile, bears see Feb 27 cycle low of 4.1272 as their initial key target.

  • Most analysts (see our summary here and here) interpreted the latest MPC statement as leaning to the hawkish side, while a bump to the 2026 CPI forecast took some off guard. The Governor may provide more details on the underlying assumptions during today's press conference. As things stand, it does not seem like he is about to significantly soften his hawkish tone.
  • Geopolitics remain a key factor to watch, with market participants assessing the odds of a ceasefire in Ukraine and potential implications for regional security. Prime Minister Tusk was in Ankara yesterday, seeking to strengthen ties with Turkey amid broader efforts to maintain a deterrent against Russia in the light of waning US commitments in Europe.
  • POLGB curve runs marginally steeper, with the 2-3 segment outperforming.
  • The WIG Index sits ~1% higher on the session; WIG20 Index is 1.9% better off.