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Zloty On Lookout For Fresh Catalysts

PLN

EUR/PLN holds a tight range today, last trading flat at 4.4690. Technically, bulls continue to look for a break above Jul 6 high of 4.5040, which would open up scope for further gains. Bears keep an eye on 4.3986, which limited losses on Jul 31

  • There is little in the way of scheduled domestic risk events after the publication of softer-than-expected flash Q2 GDP yesterday. The data may support dovish MPC members in their calls for sooner rate cuts.
  • POLGB yield curve has bear steepened this morning, while the WIG20 Index operates near yesterday's lows.

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