CEE MARKETS-CEE currencies move sideways as investors wait for US CPI data
12/02/2024 09:45
By Boldizsar Gyori
BUDAPEST, Feb 12 (Reuters) - Central-European currencies
moved sideways on Monday, with trading driven by international
sentiment due to an empty local macroeconomic calendar, as
investors waited for a U.S. CPI data scheduled to be published
later this week.
With Polish and Czech central bank decisions last week
delivering forward guidance for investors, Monday's session
began with calm trading that is not expected to change later
this week with the publication of more macroeconomic data from
the region.
Across the Atlantic, investors will keep a close eye on the
U.S. January CPI print on Tuesday for clues on the timing of a
potential rate cut by the Federal Reserve.
"A calm start of the week as there are no important
macroeconomic publications planned for Monday. Moreover, even
those planned for the coming days, such as national GDP data for
Q4 or inflation for January, should not arouse market emotions,"
Bank Millennium said in a note.
The Polish zloty EURPLN= traded at 4.33 to the euro at
0903 GMT, after its central bank left the policy rate steady
last week.
The Czech crown continued to trade during Monday's session
at 25.21 after a bigger-than-expected rate cut sent the currency
past a 21-month low plummet, weakening half a percent, below the
level of 25 versus the euro.
During Monday's trading, Hungary's forint EURHUF= was the
biggest mover by firming almost 0.1% to the euro.
"The forint will be driven by the international sentiment,"
Zoltan Arokszallasi, an analyst at Equilor said.
During the weekend, Hungary's President Katalin Novak
resigned after coming under mounting pressure for pardoning a
man convicted for helping to cover up sexual abuse in a
children's home.
This is not going to directly influence the forint, unless
more political uncertainty would follow, Arokszallasi said,
adding that he sees little chance for that.
CEE SNAPSH AT
MARKETS OT 1003
CET
CURREN
CIES
Latest Previo Daily Change
us
bid close change in
2024
EURCZK Czech 0 0 %
EURHUF Hungary 00 00 %
EURPLN Polish % %
EURRON Romania %
EURRSD Serbian 00 50 % %
Note: calcula 1800
daily ted CET
change from
Latest Previo Daily Change
us
close change in
2024
.PX Prague .PX 1462.4 1452.8 +0.66 +3.42
3 000 % %
.BUX Budapes .BUX 64908. 64982. -0.11% +7.07
t 65 98 %
.WIG20 Warsaw <.WIG20 2312.9 2309.3 +0.15 -1.28%
> 5 9 %
.BETI Buchare .BETI 15756. 15695. +0.39 +2.51
st 80 88 % %
Spread Daily
vs change
Bund in
Czech spread
Republi
c
CZ2YT= ps
CZ5YT= 0 ps
CZ10YT 0 ps
Poland
PL2YT= 0 ps
PL5YT= ps
PL10YT ps
FORWARD
3x6 6x9 9x12 3M
interb
ank
Czech
Hungary
Poland
Note: are for ask
FRA prices
quotes
****************************************
**********************
(Reporting by Boldizsar Gyori in Budapest and Anna
Wlodarczak-Semczuk in Warsaw; Editing by Mrigank Dhaniwala)
((boldizsar.gyori@thomsonreuters.com))
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