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PLN: Zloty Loses Ground, EUR/PLN Tests 20-EMA

PLN
PolandCEEMEAEM BulletBulletEmerging Market News

EUR/PLN changes hands +98 pips at 4.2738, respecting the boundaries of a familiar trading range. The 20-EMA provides a layer of resistance at 4.2749 and a break here would clear the way to the 4.3 figure. On the flip side, bears continue to focus on the psychologically significant 4.25 figure.

  • POLGB curve has bear steepened, yields last sit 0.4-6.7bp higher at typing.
  • The WIG20 Index sits 0.3% lower after piercing the 2,200 figure.
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EUR/PLN changes hands +98 pips at 4.2738, respecting the boundaries of a familiar trading range. The 20-EMA provides a layer of resistance at 4.2749 and a break here would clear the way to the 4.3 figure. On the flip side, bears continue to focus on the psychologically significant 4.25 figure.

  • POLGB curve has bear steepened, yields last sit 0.4-6.7bp higher at typing.
  • The WIG20 Index sits 0.3% lower after piercing the 2,200 figure.