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EUR/PLN to settle below 4.34 – ING

The Polish Zloty (PLN) has suffered in recent days. Economists at ING analyze PLN outlook.

PLN is now the only currency in the CEE region supported by higher rates

PLN is now the only currency in the CEE region supported by higher rates. On the other hand, heavy long positioning in the FX market will be a problem for bigger gains.

For now, we expect EUR/PLN to settle below 4.34 and we'll see how much the market takes back the dovish bets built in the last few days.

 

Gold price rises as appeal for safe-haven assets fades ahead of US inflation data

Gold price (XAU/USD) advances on Thursday as safe-haven assets face a sharp sell-off despite uncertainty ahead of the United States Consumer Price Index (CPI) data, which will be published at 13:30 GMT.
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US CPI Preview: Dollar will attempt to stage a relief rally on absence of soft inflation reading – MUFG

USD softens ahead of release of latest US Consumer Price Index (CPI) report.
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