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Band Anita Komuves
BUDAPEST, December 7 (Reuters) – Central European currencies edged down on Tuesday amid limited trading as investors scrutinized key inflation data and central bank rate decisions expected later in the week, while stocks rallied while global sentiment was optimistic.
The Hungarian forint EURHUF = was down 0.04% to 365.49 per euro in conditions of low liquidity, as investors looked at the November CPI data due Wednesday and the week-long call for bids from the central bank Thursday, two FX traders in Budapest said.
Hungary’s annual headline inflation is expected to peak above 7% in November and the central bank will continue to raise interest rates this month to curb inflation, Deputy Governor Barnabas Virag said on Tuesday. .
Headline inflation for November is expected at 7.3% per year, according to a Reuters poll.
The National Bank of Hungary (NBH) will hold its first currency exchange tender this month later today. The bank said on Friday it would hold currency swap tenders providing liquidity in euros and a discount bill tender in December to improve the transmission of monetary policy.
“The currency swap offer can help stabilize the forint rate as investors adjust their positions at the end of the quarter, but it usually does not have an immediate effect on the forint rate,†said a FX trader.
The Polish zloty EURPLN = slipped 0.07% to 4.5980 per euro, halting recent gains which were supported by heightened expectations of rate hikes as November inflation surged.
The National Bank of Poland (NBP) is holding its next rate-setting meeting on Wednesday where a Reuters analyst poll expects a rise of 50 basis points to 1.75%.
Elsewhere, the Czech crown EURCZK = edged down 0.08% to trade at 25.4500 against the common currency. November inflation data for the Czech Republic will be released on Friday.
Industrial production data showed on Tuesday that a global chip shortage in the automotive sector weighed heavily on Czech and Hungarian industrial production in October, preparing their economies for a weak start to the fourth quarter.
Global stocks rose as concerns over the Omicron variant of the coronavirus eased.
that of Warsaw .WIG20 stocks led the gains, adding 1.77%, while Budapest .BUX was 1.15% higher. Prague .PX was up 0.85% and Bucharest .BETI added 0.95%.
CEEC MARKETS
INSTANTANEOUS
At 1049 CET
COINS
Latest
Previous
Daily
Switch
offer
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hum
in 2021
EURCZK =
czech crown
EURCZK =
25.4500
25.4290
-0.08%
+ 3.06%
EURHUF =
Hungarian forint
EURHUF =
365,4900
365.3600
-0.04%
-0.76%
EURPLN =
Polish zloty
EURPLN =
4.5980
4.5947
-0.07%
-0.84%
EURRON =
leu in Romanian
EURRON =
4.9480
4.9475
-0.01%
-1.68%
EURHRK =
Croatian Kuna
EURHRK =
7.5230
7.5255
+ 0.03%
+ 0.33%
EURRSD =
Serbian dinar
EURRSD =
117.4800
117.5800
+ 0.09%
+ 0.08%
Note: daily change
calculated from
1800 CET
Latest
Previous
Daily
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cash
in 2021
.PX
Prague
.PX
1380.95
1369.2500
+ 0.85%
+ 34.45%
.BUX
Budapest
.BUX
51305.41
50723.42
+ 1.15%
+ 21.84%
.WIG20
Warsaw
.WIG20
2229.37
2190.67
+1.77%
+ 12.37%
.BETI
Bucharest
.BETI
12566.24
12448.01
+ 0.95%
+ 28.15%
.SBITOP
Ljubljana
.SBITOP
1220.99
1215.70
+ 0.44%
+ 35.54%
.CRBEX
Zagreb
.CRBEX
1996.95
1991.88
+ 0.25%
+ 14.81%
.BELEX15
Belgrade
.BELEX15
831.89
833.81
-0.23%
+ 11.12%
.SOFIX
Sofia
.SOFIX
624.62
624.64
-0.00%
+ 39.57%
Yield
Yield
Broadcast
Daily
(offer)
cash
against the Bund
switch
Czech Republic
broadcast
CZ2YT = RR
2 years
CZ2YT = RR
2.9090
0.0090
+ 362bps
-1bps
CZ5YT = RR
5 years
CZ5YT = RR
2.6640
0.0310
+ 327bps
+ 1bps
CZ10YT = RR
10 years
CZ10YT = RR
2.5500
-0.0110
+292 basis points
-3bps
Poland
PL2YT = RR
2 years
PL2YT = RR
2.9050
-0.0300
+ 362bps
-5bps
PL5YT = RR
5 years
PL5YT = RR
3.3080
-0.1300
+ 391bps
-15bps
PL10YT = RR
10 years
PL10YT = RR
3.2920
0.0700
+ 366bps
+ 5bps
CHEEKY
3×6
6×9
9×12
3M Interbank
Czech Republic
CZKFRAPRIBOUR =
3.95
3.94
3.82
3.20
Hungary
HUFFRABUBOR =
4.47
4.60
4.60
3.49
Poland
PLNFRAWIBOR =
3.10
3.32
3.27
2.24
Note: quotes from FRA
are for the asking prices
*************************************************** ****** ************
(Reporting by Anita Komuves in Budapest; Editing by Amy Caren Daniel)
(([email protected]) (+ 36 70 795 8815))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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