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Currencies flat as markets await data and banker statements



<html xmlns="http://www.w3.org/1999/xhtml"><head><title>CEE MARKETS-Currencies flat as markets await data and banker statements</title></head><body>

By Anita Komuves

BUDAPEST, Sept 2 (Reuters) -Central European currencies were little changed on Monday as the Labor Day holiday in the United States made trading thin and investors awaited economic data and comments from central bankers later in the week.

The Hungarian forint EURHUF= edged down 0.05% to trade at 392.7 versus the common currency.

A Forex trader in Budapest, speaking on condition of anonymity, said Hungarian GDP data on Tuesday could influence the forint, although the bigger impact could be from U.S. non-farm payroll data if it changes Fed rate expectations and moves the dollar.

U.S. employment data, including the payrolls report for August, could help to determine the extent of an all-but-certain September interest rate cut by the Federal Reserve.

Markets were also looking ahead to speeches by Hungarian Central Bank Governor Gyorgy Matolcsy and Economic Minister Mihaly Varga, ING wrote in a note. Matolcsy is scheduled to speak on Thursday while Varga is speaking on Friday.

In Poland, the zloty EURPLN= edged up 0.05% to trade at 4.28 versus the common currency.

"On the one hand, the zloty may be under pressure from the strengthening of the dollar, but on the other hand, it benefits from the lack of increased risk aversion in the markets," Alior Bank wrote.

"This week, the key event in the country will be the decision-making meeting of the Monetary Policy Council... Maintaining interest rates at the current level (main 5.75%) is certain, but the rhetoric will be interesting," the bank wrote.

The National Bank of Poland is scheduled to announce its decision on Wednesday, while Governor Adam Glapinski is expected to hold a news conference on Thursday.

Elsewhere, the Czech crown EURCZK= added 0.04% to trade at 25.025, and the Romanian leu was also little changed.

Stocks in the region were mixed, with Budapest's equities .BUX adding 0.14%, while Warsaw .WIG20 was 0.39% lower.





CEE MARKETS

SNAPSHOT

AT 1017 CET






CURRENCIES







Latest

Previous

Daily

Change




trade

close

change

in 2024

EURCZK=

Czech crown

EURCZK=

25.0250

25.0340

+0.04%

-1.29%

EURHUF=

Hungary forint

EURHUF=

392.7000

392.5000

-0.05%

-2.42%

EURPLN=

Polish zloty

EURPLN=

4.2800

4.2820

+0.05%

+1.51%

EURRON=

Romanian leu

EURRON=

4.9760

4.9768

+0.02%

-0.03%

EURRSD=

Serbian dinar

EURRSD=

116.9500

117.0000

+0.04%

+0.25%


Note: daily change

calculated from


1800 CET












Latest

Previous

Daily

Change





close

change

in 2024

.PX

Prague

.PX

1592.76

1594.5200

-0.11%

+12.64%

.BUX

Budapest

.BUX

72966.66

72865.31

+0.14%

+20.37%

.WIG20

Warsaw

.WIG20

2402.70

2412.16

-0.39%

+2.55%

.BETI

Bucharest

.BETI

18174.16

18148.46

+0.14%

+18.24%













Spread

Daily






vs Bund

change in


Czech Republic





spread

CZ2YT=RR

2-year

CZ2YT=RR

3.3810

0.0020

+097bps

-2bps

CZ5YT=RR

5-year

CZ5YT=RR

3.6610

0.0670

+145bps

+3bps

CZ10YT=RR

10-year

CZ10YT=RR

3.8670

0.0050

+154bps

-3bps


Poland






PL2YT=RR

2-year

PL2YT=RR

4.8140

0.0140

+240bps

-1bps

PL5YT=RR

5-year

PL5YT=RR

5.2180

0.0300

+300bps

-1bps

PL10YT=RR

10-year

PL10YT=RR

5.4900

0.0260

+316bps

-1bps










FORWARD RATE AGREEMENTS







3x6

6x9

9x12

3M interbank


Czech Rep

CZKFRAPRIBOR=

3.93

3.61

3.38

4.36


Hungary

HUFFRABUBOR=

6.64

6.23

5.83

6.51


Poland

PLNFRAWIBOR=

5.76

5.44

5.02

5.85


Note: FRA quotes

are for ask prices





**************************************************************





Additional reporting by Pawel Florkiewicz in Warsaw; editing by Barbara Lewis

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