December 23, 2024 10:44 GMT
PLN: Zloty Loses Ground, Jobless Rate Ticks Higher As Expected
PLN
EUR/PLN oscillates in thinner, pre-Christmas liquidity, last dealing +51 pips at 4.2677. The 20-EMA provides the initial layer of resistance at 4.2779, while bears look for losses past the psychologically significant 4.25 figure and Jul 15 low of 4.2471.
- POLGB curve has steepened, yields sit -0.3bp to +2.3bp. The WIG20 Index sits marginally higher on the session.
- Local financial markets will be shut for Christmas holidays between December 25-26 but many traders will be off desk through the year-end.
- Poland's unemployment rate edged higher to 5.0% in November from 4.9% prior, in line with expectations.
- The NBP will publish money supply data at 13:00GMT/14:00CET.
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