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Zloty Scores Some Gains, Edges Ahead Of CZK & HUF

PLN

EUR/PLN has shed 33 pips to last trade at 4.3302,even as the zloty's CE3 peers trade on the back foot. Bears look for a dip through Mar 4, 2020 low of 4.2870, while a rebound above the 20-EMA (4.3611) would allow bulls to look for further gains.

  • The NBP will publish the minutes of its November monetary policy meeting but the document is unlikely to move the needle for markets. The central bank kept interest rates unchanged again this week, while Governor Glapinski suggested that the March projection will hopefully provide clarity for future rate path.
  • POLGB yields are a tad higher across the curve, while the WIG20 Index has added 0.8% so far.

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