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Views Article – Sharenet Wealth

Europe, Forex

CEE currencies on steady footing after Polish CPI

BUCHAREST, July 15 (Reuters) – Central European currencies were trading in narrow ranges on Monday, with few economic data releases in the region and no market surprise from Polish inflation, confirmed at 2.6% on the year in June. By 0830 GMT, the Polish zloty had edged down 0.02%. So had the Hungarian forint. The Czech crown inched up and the Romanian leu was flat at 4.7335 to the euro. An earlier estimate from the statistics office showed consumer price growth at 2.6% year-on-year in June. . In Romania, analysts expect today’s current account data was likely to show further deterioration: “We don’t expect the market to move out of its complacency mode. Range for this week: 4.7250-4.7400,” ING Bank said in a note. “With the downside potential limited by the central bank around 4.7200 and the upside by still-decent bond inflows, the euro/leu looks set for prolonged range trading for the rest of the summer,” the analysts said. Traders expect good demand at a 500 million lei ($119.16 million) debt tender for April 2026 treasury bonds, which attracted strong demand last month. Elsewhere, the Czech current account showed a surplus of 11.2 billion crowns ($495.00 million) in May, defying expectations for a small deficit, central bank data showed Monday. CEE SNAPSHO AT MARKETS T 1027 CET CURRENC IES Latest Previous Daily Change bid close change in 2019 Czech 25.5930 25.5970 +0.02% +0.45% crown Hungary 325.900 325.8000 -0.03% -1.48% forint 0 Polish 4.2690 4.2681 -0.02% +0.48% zloty Romanian 4.7335 4.7333 -0.00% -1.68% leu Croatian 7.3920 7.3913 -0.01% +0.24% kuna Serbian 117.620 117.6700 +0.04% +0.58% dinar 0 Note: calculated from 1800 CET daily change Latest Previous Daily Change close change in 2019 Prague 1056.38 1055.620 +0.07% +7.08% 0 Budapest 40759.8 40699.69 +0.15% +4.14% 3 Warsaw 2321.56 2315.36 +0.27% +1.97% Buchares 9092.59 9091.29 +0.01% +23.14% t Ljubljan 887.96 887.94 +0.00% +10.41% a Zagreb 1883.78 1891.85 -0.43% +7.72% Belgrade <.BELEX15 754.87 754.87 +0.00% -0.90% > Sofia 582.07 583.78 -0.29% -2.08% BONDS Yield Yield Spread Daily (bid) change vs Bund change in Czech spread Republic 2-year <CZ2YT=RR 1.4520 0.0020 +218bps +0bps > 5-year <CZ5YT=RR 1.4280 0.0720 +205bps +9bps > <CZ10YT=R 1.4740 0.0260 +174bps +5bps 10-year R> Poland 2-year <PL2YT=RR 1.5720 0.0010 +230bps +0bps > 5-year <PL5YT=RR 1.9280 -0.0050 +255bps +1bps > <PL10YT=R 2.2910 -0.0260 +256bps +0bps 10-year R> FORWARD RATE AGREEMEN T 3×6 6×9 9×12 3M interbank Czech < 2.17 2.07 1.95 2.17 Rep PRIBOR=> Hungary < 0.32 0.41 0.49 0.25 BUBOR=> Poland < 1.74 1.72 1.71 1.72 WIBOR=> Note: are for ask prices FRA quotes ************************************************* ************* ($1 = 4.1961 lei) (Reporting by Radu Marinas in Bucharest; editing by Larry King)


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