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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.
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Free AccessMNI: US Budget Deficit Widens To Record In First 3Mos Of FY25
MNI BRIEF: European Commission To Decide on Austria EDP
Zloty Extends Losses Ahead Of NBP Meeting Next Week
EUR/PLN keeps pushing higher, even as its 50- & 200-DMAs formed a "death cross" a few days ago. The rate deals +198 pips at PLN4.7005 and should bulls force their way through Dec 6 high of PLN4.7220, the focus would turn to Nov 16 high of PLN4.7848. Conversely, the key near-term bearish target is provided by Dec 26 low of PLN4.6270.
- POLGB yields sit 5.5-7.7bp lower across the steepened curve. Benchmark 10-year yield sits at 6.68%, operating within a well-defined range. Poland/Germany 10-year yield spread is at/near its cyclical narrows.
- Continued rate stability is expected at the next NBP meeting on Jan 4. All 14 economists surveyed by Bloomberg so far are forecasting a stand-pat decision. Flash December CPI data will cross the wires the day after.
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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.