Most emerging EMEA currencies have found themselves on the back foot amid broad-based demand for the greenback. The zloty has shared that fate, trading on the defensive so far. Spot EUR/PLN last deals at 4.3197, up 74 pips on the session, holding a familiar range. A break above Apr 16 high of 4.3728 is needed to signal the resumption of topside momentum. By contrast, bears look for a move towards Apr 9 low of 4.2527 and the 4.25 figure.

• Security services are investigating a case of a judge who applied for asylum in Belarus earlier this week. There are suspicions that he was an informant of Belarusian and Russian intelligence agencies for a long time, using his privileged access to top secret information.
• POLGB yields sit marginally higher across the curve. Meanwhile, the WIG20 Index has edged lower after hitting new cyclical highs on Tuesday.
• The NBP's Monetary Policy Committee starts its monthly meeting today, with the rate decision (consensus: hold) coming up tomorrow. See our preview here.