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Why MNI
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.
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Free AccessZloty Softens, Recovery In Consumer Confidence Stalls
EUR/PLN has added 82 pips and last changes hands at PLN4.6895, gradually clawing back yesterday's losses. From a technical standpoint, bulls look for gains past Mar 20 high of PLN4.7215 and towards Feb 22 high of PLN4.7654. On the flip side, bears eye Mar 1 low of PLN4.6620 for initial support.
- POLGBs are slightly weaker across the curve, with yields last seen 1.6-5.8bp higher across a steepened curve, as benchmark 10-year yield has moved firmly through the 6% mark.
- Poland's consumer confidence improved to -35.6 from -36.0 prior, with consensus expecting a -34.6 print. The latest outturn marks a flattening in the trajectory of recovery in consumer sentiment, with the figure missing expectations for the first time since October 2022.
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Why MNI
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.