XM Amerika Qoʻshma Shtatlari fuqarolariga xizmat koʻrsatmaydi.

Czech crown holds off low, other C.Europe currencies linger in holiday trade



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PRAGUE, Nov 1 (Reuters) -The Czech crown held off a nearly three-month low on Friday, little moved by data showing a slowing manufacturing decline as focus turned toward a central bank rate meeting next week, while central Europe's other currencies hovered as local markets were closed for holidays.

Hungary's forint was just off 22-month lows hit this week and Poland's zloty was hanging around a 4-1/2 month low. Both were a touch down on the day amid holiday trading.

A Reuters poll on Friday forecast central European currencies rising to stronger levels in the coming months after recent weakness caused by global market moves before U.S. elections. But the relief will be limited, forecasts showed.

"There still seems to be no room for stabilisation here in the near term and we expect CEE to remain under pressure at least until the U.S. election," ING said in a note on Friday.

The dollar has firmed on bets that Republican candidate Donald Trump could win next week's U.S. election. That dollar strength has weighed on appetite for riskier emerging market assets.

On Friday, the crown EURCZK= dipped less than 0.1% on the day to 25.335 to the euro. The Reuters poll saw the crown firming to 25.10 over the next three months and leading gains over the next year.

The crown got some support on Friday after data from S&P Global Purchasing Managers' Index (PMI) indicated manufacturing activity last month declined at its slowest pace since June 2022. But some analysts said it was still too early to cheer amid declining factory orders and as manufacturing remains the main drag on an overall economic recovery.

Markets were also watching a Czech central bank policy meeting next week amid chances policymakers will continue to cut interest rates.

Czech rate-setter Jan Prochazka told Reuters last week that the bank could continue easing monetary policy amid weaker growth abroad and a slow domestic demand recovery, but must be mindful of inflation hotspots.




CEE MARKETS

SNAPSHOT

AT 1011 CET





CURRENCIES






Latest

Previous

Daily

Change



trade

close

change

in 2024

Czech crown

EURCZK=

25.3350

25.3220

-0.05%

-2.50%

Hungary forint

EURHUF=

408.5000

408.2000

-0.07%

-6.20%

Polish zloty

EURPLN=

4.3570

4.3535

-0.08%

-0.29%

Romanian leu

EURRON=

4.9748

4.9740

-0.02%

-0.01%

Serbian dinar

EURRSD=

116.9600

117.0500

+0.08%

+0.24%

Note: daily change

calculated from



1800 CET










Latest

Previous

Daily

Change




close

change

in 2024

Prague

.PX

1652.74

1639.2600

+0.82%

+16.88%

Budapest

.BUX

73865.96

73865.96

+0.00%

+21.85%

Warsaw

.WIG20

2205.47

2205.47

+0.00%

-5.87%

Bucharest

.BETI

17487.68

17439.09

+0.28%

+13.77%











Spread

Daily





vs Bund

change in

Czech Republic





spread

2-year

CZ2YT=RR

3.4020

-0.0200

+110bps

-1bps

5-year

CZ5YT=RR

3.7600

-0.0010

+148bps

-2bps

10-year

CZ10YT=RR

4.0630

0.0020

+165bps

-3bps

Poland






2-year

PL2YT=RR

5.1750

NULL

+287bps

#VALUE!

5-year

PL5YT=RR

5.5850

0.0020

+330bps

-1bps

10-year

PL10YT=RR

5.9060

-0.0250

+349bps

-5bps








FORWARD RATE AGREEMENTS






3x6

6x9

9x12

3M interbank

Czech Rep

CZKFRAPRIBOR=

3.87

3.61

3.45

4.06

Hungary

HUFFRABUBOR=

6.59

6.52

6.41

6.47

Poland

PLNFRAWIBOR=

5.75

5.38

5.07

5.85

Note: FRA quotes

are for ask prices





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














Reporting by Jason Hovet in Prague, Editing by Angus MacSwan

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