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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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Zloty Fluctuates Ahead Of NBP Announcement
EUR/PLN moved through the 4.5000 mark and Jul 6 high of 4.5040 before trimming those initial gains. The rate last changes hands at 4.4993, 67 pips above neutral levels. A sustained break above 4.5040 would signal the scope for continued short-term recovery.
- USD/PLN deals at 4.1895, little changed on the day, after bulls failed to force a durable break above the 4.2000 figure. Should they succeed, they could take aim at 4.2644, which capped gains on May 31.
- PLN/CZK sits at 5.3819, down 20 pips on the day. The initial layer of support is provided by Aug 18 low of 5.3558. Meanwhile, PLN/HUF trades at 86.32, marginally higher on the day, with bulls looking for gains past Aug 21 high of 87.07.
- POLGBs have unwound their initial losses, with spillover from core markets lending some support. The yield curve runs slightly steeper as we type.
- The focus turns to the NBP monetary policy decision, which will be announced later today, ahead of Governor Glapinski's presser tomorrow. Click here to see our preview.
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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.