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Currencies stable as markets await data and signals from Fed



<html xmlns="http://www.w3.org/1999/xhtml"><head><title>CEE MARKETS-Currencies stable as markets await data and signals from Fed</title></head><body>

WARSAW, Aug 19 (Reuters) -Central European currencies were mostly stable on Monday, with markets in Hungary closed for a holiday and investors awaiting fresh data later in the week.

The Polish zloty EURPLN= was unchanged at 4.2685 per euro at 0909 GMT after strengthening on Friday in low liquidity due to a national holiday on Thursday.

"This was clearly the result of... improvement in global moods due to the allaying of fears of a recession in the U.S.," Pekao SA analysts wrote in a note.

"The same factors will support the strengthening of the Polish currency today... We have a week of publication of key macro data for July ahead of us, which should not generate grounds for stronger movements in Polish assets."

Later this week investors in Poland will be analysing data on employment, industrial output and retail sales.

Traders will also pay attention to signals from Federal Reserve meeting minutes and Chair Jerome Powell's speech at Jackson Hole which may shed light on future U.S. central bank policy.

The Czech crown EURCZK= was up 0.1% at 25.1790 per euro.

"The Czech crown is holding close to EUR/CZK 25.20 and pressure from a strengthening dollar on Friday apparently weakened on the Czech foreign exchange market," CSOB said in a note to clients.

"The currency also did not show any marked reaction to July producer prices. The coming week will practically empty of any domestic events and the crown will continue, from afar, to follow the dynamics on the global bond markets and the euro/dollar."

Markets in Hungary will remain closed on Monday and Tuesday for a national holiday.



CEE MARKETS

SNAPSHOT

AT 1109 CET






CURRENCIES







Latest

Previous

Daily

Change




trade

close

change

in 2024

EURCZK=

Czech crown

EURCZK=

25.1790

25.2010

+0.09%

-1.90%

EURHUF=

Hungary forint

EURHUF=

393.4500

394.7500

+0.33%

-2.61%

EURPLN=

Polish zloty

EURPLN=

4.2685

4.2680

-0.01%

+1.78%

EURRON=

Romanian leu

EURRON=

4.9775

4.9750

-0.05%

-0.06%

EURRSD=

Serbian dinar

EURRSD=

117.0100

117.0200

+0.01%

+0.20%


Note: daily change

calculated from



1800 CET












Latest

Previous

Daily

Change





close

change

in 2024

.PX

Prague

.PX

1579.86

1574.3300

+0.35%

+11.73%

.BUX

Budapest

.BUX

72282.10

72282.10

+0.00%

+19.24%

.WIG20

Warsaw

.WIG20

2417.10

2421.06

-0.16%

+3.16%

.BETI

Bucharest

.BETI

18253.36

18138.95

+0.63%

+18.75%













Spread

Daily






vs Bund

change in


Czech Republic





spread

CZ2YT=RR

2-year

CZ2YT=RR

3.4040

-0.0040

+099bps

+4bps

CZ5YT=RR

5-year

CZ5YT=RR

3.4750

-0.0350

+132bps

+0bps

CZ10YT=RR

10-year

CZ10YT=RR

3.7370

-0.0040

+152bps

+4bps


Poland






PL2YT=RR

2-year

PL2YT=RR

4.9310

0.0090

+252bps

+5bps

PL5YT=RR

5-year

PL5YT=RR

5.1500

-0.0040

+300bps

+3bps

PL10YT=RR

10-year

PL10YT=RR

5.3470

-0.0020

+313bps

+4bps










FORWARD RATE AGREEMENTS








3x6

6x9

9x12

3M interbank


Czech Rep

CZKFRAPRIBOR=

3.88

3.50

3.24

4.40


Hungary

HUFFRABUBOR=

6.31

5.88

5.49

6.54


Poland

PLNFRAWIBOR=

5.77

5.46

5.05

5.86


Note: FRA quotes

are for ask prices








Reporting by Anna Wlodarczak-Semczuk in Warsaw and Jan Lopatka in Prague; Editing by Alex Richardson

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