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Zloty Tad Firmer As Data-Busy Week Gets Underway

PLN

EUR/PLN has edged lower and last deals at 4.3404. From a technical standpoint, bears look for losses past Feb 1 low of 4.3069, which would open up Dec 13 low of 4.2935. On the flip side, recovery past Feb 7 high of 4.3564 would expose Jan 17 high of 4.4124.

  • POLGB curve has bear steepened at the margin, while the WIG20 Index has added 0.2%, albeit it trades shy of new cyclical highs printed on Friday.
  • Bloomberg and the Polish edition of Newsweek circulated source pieces suggesting that the governing coalition will press charges against NBP Governor Glapinski.
  • Local data releases will start crossing the wires from tomorrow, with monthly economic activity indicators coming to the fore.

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