Zloty seen stable, expected to move within EUR/PLN 4.09 -4.11, T-bonds stable on no-market
Poland's zloty opens stable and is seen likely to trade in EUR/PLN 4.09-4.11, with T-bond yields also holding flat with no market activity, local players told PAP.
"The zloty will be relatively stable, I do not expect it to strengthen below EUR/PLN 4.08 or weaken above EUR/PLN 4.10," BNP Paribas FX dealer Jan Koprowski told PAP. "It should trade in EUR/PLN 4.09-4.1050, perhaps 4.11 today."
On the FI market, T-bonds yields hold stable on Friday morning with very low activity and no transactions, ING BSK FI trader Adrian Skubij told PAP.
"Yields are holding flat with no transactions yet this morning," Skubij said. ". . . liquidity is falling and any upward or downward movements on the market will be related to closing positions rather than with a certain market view."
No market movers are expected before Christmas, the trader added.