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Zloty Retraces Most Of Earlier Downswing But Remains On Track For Intraday Loss

PLN

EUR/PLN has faded an earlier spike to PLN4.6595 and last trades +52 pips at PLN4.6393. Domestic headline flow has been light since the release of final CPI figures for March, which failed to rock the boat.

  • POLGBs have trimmed some gains but remain above neutral levels. Benchmark WIG20 equity index sits almost 1.2% higher on the day.
  • There was little in the way of notable insights in the latest comments from NBP's Cezary Kochalski, who said that there is no room for discussing rate cuts.

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