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Zloty Treads Water, Eyes On Constitutional Tribunal & NBP

PLN

EUR/PLN is stable and last changes hands at 4.3261, down 30 pips on the session. From a technical perspective, bears look for a dip through Mar 4, 2020 low of 4.2870. On the topside, the focus is on the 20-EMA, which kicks in at 4.3721.

  • POLGB curve has bull steepened a tad, with yields last seen 2.9-4.4bp lower. FRAs operate close to yesterday's lows, with the space coming under some pressure over the past few days. The WIG20 Index has added 0.7% this morning.
  • More than half of the respondents in an RMF FM/DGP survey said they would like the new parliamentary majority to put NBP Governor Glapinski on trial as most senior central bank officials rallied behind their head.
  • The Constitutional Tribunal will announce its verdict on the constitutionality of parts of EU treaties allowing for imposing financial sanctions on member states.

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