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Zloty Tad Firmer, Unemployment Rate Holds Steady


EUR/PLN is slightly heavier and last changes hands -47 pips at PLN4.6829. The low print of Mar 1 at PLN4.6620 remains the key near-term bearish target. Conversely, bulls look for a recovery past Mar 20 high of PLN4.7215 and towards Feb 22 high of PLN4.7654.

  • POLGB yields are unwinding their initial downswings and last sit +1.0bp to -3.6bp across the slightly flatter curve. The WIG20 index has shed ~1.1% so far amid negative equity sentiment.
  • Poland's unemployment rate remained unchanged at 5.5% in February, in line with expectations.

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