Zloty expected to trade in EUR/PLN 4.16-4.18 range, T-bonds to follow core markets
Poland's zloty is expected to move in EUR 4.16-4.18 range amid low activity, while T-bonds will likely follow core markets, local players told PAP.
"The zloty is trading at yesterday's levels and will be moving in EUR 4.16-4.18 range amid low activity," BNP Paribas FX dealer Jan Koprowski told PAP.
Polish zloty might gain on Friday if the new EU budget framework is adopted, BRE Bank economists wrote in their morning research.
On the T-bond market, Polish papers will likely follow core markets, with mid-and long-term papers opening slightly stronger, Raiffeisen Bank FI trader Marek Stypulkowski told PAP.
"It seems that Polish papers will follow core markets," Stypulkowski said. "[German] bunds are slightly stronger."
Prices of Polish short-end T-bonds are roughly stable, while in the middle and at the end of the curve prices are slightly stronger, the trader noted.