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Forex: EUR/PLN in session highs after rate cut

The Polish zloty is sharply depreciating against the single currency after the NBP (Polish central bank) surprised market participants cutting the lending benchmark by 50 bps to 3.25% against 25 bps expected, in an effort to boost the economy after recent poor fundamentals.

At the moment, the pair is up 0.49% at 4.1456 and the next resistance at 4.1651 (high Mar.6) ahead of 4.1675 (MA30d) and then 4.1870 (high Feb.21).
On the flip side, a breakdown of 4.1256 (low Mar.5) would expose the psychological level of 4.1000 and then 4.0655 (low Jan.10).

Forex: USD/JPY hits fresh high after ADP report

The dollar moved slightly higher versus the yen and reached a marginal new high for the day after the ADP report showed US private sector added more jobs than expected in February, reaching its highest in a year at 198K.
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Forex: USD/CAD retraces gains after ADP, BoC eyed

The loonie benefited from strong US employment data and strengthened versus the dollar ahead of the BoC monetary policy decision.
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