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Nov 22, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►

Central European currencies

Currencies stable, Polish QE schedule in focus
Markets

Currencies stable, Polish QE schedule in focus

  • Polish bond yields were unmoved as markets were looking forward to the central bank's schedule of June bond purchases, due later in the day.
  • Currencies kept hovering near strong levels they recently hit on rate hike expectations that were fuelled by higher-than-expected CPI data and signals from central banks.
Published 31 May, 2021 06:46pm
Currencies mixed as focus turns to Czech central bank
Markets

Currencies mixed as focus turns to Czech central bank

  • Central European rate-setters are facing rising inflation, but look set to keep rates low for the time being to help their economies recover from the effects of the coronavirus.
  • "This picture, however, cracked somewhat with the GDP result for the first quarter released last week, which showed the economy did better than thought."
Updated 06 May, 2021 05:11pm
Forint underperforms; investors unwind zloty short bets
Markets

Forint underperforms; investors unwind zloty short bets

  • The Hungarian forint slid 0.42% to 360.80 per euro, underperforming its peers. It has lost 1% this week.
  • The currency weakened in low liquidity because of a zloty-forint flow, traders in Budapest said, adding that the forint was also due for a correction after steady gains in the past few weeks.
Published 16 Apr, 2021 04:42pm
FX firms as global mood brightens
Markets

FX firms as global mood brightens

  • The Polish zloty was 0.54% firmer against the euro at 4.5516, the Czech crown had strengthened 0.09% to 25.8210, while the Hungarian forint was 0.13% stronger at 358.70.
  • "Over the next few days, the yields of 2-year bonds should remain around 0.05%, while the yields of 10-year bonds should remain close to 1.60%," PKO BP analysts said in a note.
Published 08 Apr, 2021 05:43pm
Zloty brushes off virus worries to lead FX gains
Markets

Zloty brushes off virus worries to lead FX gains

  • This is ahead of holidays -- the zloty was underperforming earlier, now it's outperforming... it seems like the main reason is probably the market was long, squaring positions ahead of the Easter holidays.
  • The zloty was 0.17% firmer against the euro at 4.624. The Czech crown was 0.12% firmer at 26.08 and the Hungarian forint was little changed at 362.10.
Published 01 Apr, 2021 05:05pm
FX holds gains ahead of ECB meeting
Markets

FX holds gains ahead of ECB meeting

  • "Today, a positive reception of the ECB's decision by the euro may indirectly support the zloty and the currencies of the region," Konrad Bialas, chief economist at DM TMS Brokers said in a note.
Published 21 Jan, 2021 07:24pm
Currencies on roller coaster as US vote count swings; OTP shares shine
Markets

Currencies on roller coaster as US vote count swings; OTP shares shine

  • Stock markets were mixed, with Budapest's main BUX index jumping by 2.3% and Prague rising 0.4%. Shares in Hungarian OTP Bank extended its gains from Tuesday, rising 1.3%.
  • Warsaw's main index, however, fell by almost 2%, which some analysts said was caused by concern about the record numbers of Covid cases and profit taking by some players.
Published 04 Nov, 2020 05:47pm