Zloty seen within EUR/PLN 4.07-4.10 range, T-bonds stable in low-volume trade
Poland's zloty should trade within EUR/PLN 4.07-4.10 range until the Christmas holidays, while T-bond yields are expected to stay put amidst low turnover that will likely last until the end-year, local players told PAP.
"The trade may be very limited throught the pre-holiday week," Bank Millennium FX dealer Pawel Gajewski told PAP. "We will be moving within EUR/PLN 4.07-4.10 range and nothing indicates that we could break it before the holidays."
Poland's T-bonds also hold stable in low-volume trade, which is expected to hold until the end of the year, Bank Millennium FI trader Krzysztof Szczerbinski told PAP.
"The day was calm," Szczerbinski said. "Probably by end-year turnover and volatility will be low."
Yields remained at the same level seen on Monday opening and Friday close, the dealer added.