CEE MARKETS-Forint softens, other currencies stable with focus on Fed minutes - Yahoo Finance

WARSAW, Jan 3 (Reuters) - The Hungarian forint eased on Tuesday, while other Central European currencies held steady as investors await cues on the U.S. Federal Reserve's monetary policy path in 2023 and Poland's central bank rate decision on Wednesday. The forint was down 0.27% at 403.60 per euro at 0858 GMT. "The dollar has strengthened, so that could be the reason for the forint's weakening today ... but the forint's move is not substantial," a forex dealer in Budapest said. The stock markets are in positive territory and gas prices have dropped, so that should support the forint, while investors would be watching Fed minutes on Wednesday for clues about the U.S. rate outlook, according to the forex dealer. The zloty held stable at 4.6825 per euro with markets also waiting for the decision of the Polish Monetary Policy Council on interest rates on Wednesday. Analysts expect the central bank to keep rates stable, with the main one remaining at 6.75%. "The beginning of today's trading session brought attempts to break the barrier of 4.66 zlotys (per euro)... and an increasing desire to return to the 4.63 area. For the time being, however, the zloty is closer to 4.67," Bank Millennium analysts said. Inflation data from Germany published at 1300 GMT could influence market sentiment in the later part of the day, according to the Bank Millennium analysts. The Czech crown held at stronger levels to start 2023, testing its highs from 2011, with crown strength helping the Czech central bank keep rates stable. It was traded at 24.1350 per euro on Tuesday. "The test will be if inflation does not weaken over the course of the year as expected by the Czech National Bank so that the willingness of the board, which will be even more dovish by this point, to implement further rate hikes will be put to the test," Commerzbank said. Stock markets in the region were up, with Warsaw and Prague leading gains with a 0.7% rise. CEE SNAPSHO AT MARKETS T 0958 CET CURRENC IES Latest Previou Daily Change s bid close change in 2023 EURCZK Czech EURHUF Hungary 0 0 EURPLN Polish EURRON Romanian EURHRK Croatian EURRSD Serbian 0 0 Note: calcula 1800 daily ted CET change from Latest Previou Daily Change s close change in 2023 .PX Prague 1216.16 1207.70 +0.70% +1.20% 00 .BUX Budapest 43598.1 43551.7 +0.11% -0.45% 1 3 .WIG20 Warsaw <.WIG20 1803.80 1791.47 +0.69% +0.66% > .BETI Buchares 11709.0 11663.5 +0.39% +0.39% t 1 3 .SBITO Ljubljan <.SBITO 1052.49 1048.80 +0.35% +0.35% P a P> .CRBEX Zagreb <.CRBEX 1997.89 1998.77 -0.04% +660.3 > 2% .BELEX Belgrade <.BELEX 824.61 824.61 +0.00% +0.00% 15 15> .SOFIX Sofia <.SOFIX 601.49 601.49 +0.00% +0.00% > Yield Yield Spread Daily (bid) change vs Bund change in Czech spread Republic CZ2YT= 2-year s CZ5YT= 5-year s CZ10YT s Poland PL2YT= 2-year s PL5YT= 5-year s PL10YT s FORWARD 3x6 6x9 9x12 3M interba nk Czech Hungary Poland Note: are for FRA ask quotes prices *********************************** *************************** (Reporting by Anna Wlodarczak-Semczuk and Pawel Florkiewicz in Warsaw; Krisztina Than in Budapest and Jason Hovet in Prague; Editing by Shounak Dasgupta)

Adblock test (Why?)

https://news.google.com/__i/rss/rd/articles/CBMiTmh0dHBzOi8vZmluYW5jZS55YWhvby5jb20vbmV3cy9jZWUtbWFya2V0cy1mb3JpbnQtc29mdGVucy1vdGhlci0xMDEzMDE3MTIuaHRtbNIBVmh0dHBzOi8vZmluYW5jZS55YWhvby5jb20vYW1waHRtbC9uZXdzL2NlZS1tYXJrZXRzLWZvcmludC1zb2Z0ZW5zLW90aGVyLTEwMTMwMTcxMi5odG1s?oc=5

2023-01-03 10:13:01Z
CBMiTmh0dHBzOi8vZmluYW5jZS55YWhvby5jb20vbmV3cy9jZWUtbWFya2V0cy1mb3JpbnQtc29mdGVucy1vdGhlci0xMDEzMDE3MTIuaHRtbNIBVmh0dHBzOi8vZmluYW5jZS55YWhvby5jb20vYW1waHRtbC9uZXdzL2NlZS1tYXJrZXRzLWZvcmludC1zb2Z0ZW5zLW90aGVyLTEwMTMwMTcxMi5odG1s

Bagikan Berita Ini