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Zloty Firms Alongside Regional Peers

PLN

EUR/PLN has lost ground amid the outperformance of European growth proxies from the CE3 region. The pair last deals at 4.4427, down 188 pips on the session. The recent recovery is considered corrective and the downtrend could resume if bears managed to force their way through Jul 31 low of 4.3986. Conversely, initial resistance from the 50-EMA intersects at 4.6668.

  • POLGB yields have eased across the curve, while local equity benchmark WIG20 Index has added more than 1%.
  • The local economic docket is virtually empty today, with market participants awaiting cues from the US NFP report.

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