Zloty seen within EUR/PLN 4.07-4.10 range, T-bonds stable in low-volume trade

December 17, 2012

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.

	Mon	Mon	Fri
	15.50	9.25	16.10

EUR/PLN	4,088	4,083	4,091
USD/PLN	3,105	3,102	3,126

OK0714	3,28	3,26	3,27
PS0417	3,35	3,33	3,34
DS1021	3,78	3,78	3,78

Zloty seen within EUR/PLN 4.07-4.10 range, T-bonds stable in low-volume trade

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