Free Trial

Zloty Shows Weakness, POLGB Yields Falter


EUR/PLN trades at PLN4.7060, up 61 pips on the day, after touching a new one-month high at PLN4.7098. From a technical standpoint, the next level to watch on the topside is Dec 6 high of PLN4.7220. Conversely, bears look for a pullback under Jan 4 low of PLN4.6573 would expose Dec 26/Jun 21 lows of PLN4.6270/62.

  • POLGBs have garnered some strength, with yields last seen 8.3-11.3bp lower across the slightly flattened curve. WIG20 operates near neutral levels, even as Czechia's PX index and Hungary's BUX index trade on a firmer footing.
  • Senior Polish officials are in Davos, with their comments focusing on the economy and the Russian invasion of Ukraine. Poland is looking to rally support behind the bid to provide multinational military aid to Kyiv as war in East Europe rages. Elsewhere, Prime Minister Morawiecki reaffirmed expectations that inflation will soon reach its peak and then decelerate from March/April.

To read the full story



MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.