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Zloty Marginally Firmer Ahead Of NBP Presser

PLN

EUR/PLN holds a narrow range, trending below the psychologically significant 4.30 figure. The pair deals at 4.2887, down 22 pips on the session. From a technical point of view, bears look for a break below 4.2749, which cushioned losses on Mar 11. Bulls see the 50-EMA (4.3165) as their initial target.

  • The main thing to watch today is a regular press conference with NBP Governor Adam Glapinski, who will discuss the current economic situation and yesterday's widely expected decision to keep interest rates on hold.
  • Over the weekend, Poles will vote in local and regional elections across the whole country, with the two largest parties locked in a neck-and-neck race for the top spot in regional assembly elections.
  • POLGB yields have ticked away from session lows but remain below neutral levels. The WIG20 Index has shed 1.1% but still operates in the vicinity of recent cyclical highs.
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