Free Trial

Zloty Weakens Ahead Of Wednesday's CPI

PLN

EUR/PLN has added 86 pips and last trades at PLN4.6888, with topside technical focus falling on Mar 3 high of PLN4.7124. Conversely, bears see Mar 1 low of PLN4.6620 as their initial target.

  • POLGB yield curve has bear steepened in early trade, with bonds last dealing 8.3-13.5bp cheaper so far. The spread on 10-year POLGB/Bund yields has widened at the margin, extending this week's trend.
  • The local equity benchmark WIG20 closed below its 100-DMA yesterday, for the first time since early November. The index has slipped further today, losing ~0.7% so far.
  • The local economic docket is virtually empty today, with local players awaiting the release of February CPI data tomorrow.

To read the full story

Close

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.