U.S. markets open in 6 hours 33 minutes
  • S&P Futures

    3,839.50
    -3.00 (-0.08%)
     
  • Dow Futures

    30,774.00
    -68.00 (-0.22%)
     
  • Nasdaq Futures

    13,550.25
    +64.75 (+0.48%)
     
  • Russell 2000 Futures

    2,135.00
    -10.80 (-0.50%)
     
  • Crude Oil

    52.95
    +0.34 (+0.65%)
     
  • Gold

    1,848.10
    -2.80 (-0.15%)
     
  • Silver

    25.43
    -0.10 (-0.40%)
     
  • EUR/USD

    1.2160
    -0.0009 (-0.07%)
     
  • 10-Yr Bond

    1.0400
    0.0000 (0.00%)
     
  • Vix

    23.02
    -0.17 (-0.73%)
     
  • GBP/USD

    1.3750
    +0.0019 (+0.13%)
     
  • USD/JPY

    103.6680
    +0.0410 (+0.04%)
     
  • BTC-USD

    31,842.53
    +144.90 (+0.46%)
     
  • CMC Crypto 200

    640.54
    +0.62 (+0.10%)
     
  • FTSE 100

    6,654.01
    +15.16 (+0.23%)
     
  • Nikkei 225

    28,635.21
    +89.03 (+0.31%)
     

CEE MARKETS-FX eases marginally on profit taking, euro gains help

Radu-Sorin Marinas
·3 min read

By Radu-Sorin Marinas BUCHAREST, Nov 26 (Reuters) - Central European currencies edged down slightly on Thursday, with the euro firming to a nearly three-month high partly erasing a fresh bout of profit taking by investors. The single currency firmed strongly as the dollar went on the defensive on downbeat U.S. economic data and optimism about coronavirus vaccines. The euro zone is Central Europe's main trading partner. By 1010 GMT, the Crown was 0.1% softer on the day, trading at 26.18 to the euro, and the Polish zloty eased 0.2% to 4.4745. The Hungarian forint and the Romanian leu edged 0.01% down to 361.1 and 4.8735 respectively. The region's currencies and stock markets have steadily climbed over most of November as appetite for risk has grown after a trio of drugmakers reported high efficacy rates for their COVID-19 vaccines. Analysts, however, have noted that currencies should trade sideways from current levels, as vaccine hopes are already mostly priced in. "The forint has been taking a rest ... though the technical picture is indicating a direction upwards, there is no push factor to start the movement upwards," brokerage Equilor wrote in a note. Elsewhere, the Romanian finance ministry will auction 500 million euros worth of 2025 euro-denominated bonds. So far this year, Romania sold 68 billion lei of local currency debt, as well as 2.3 billion euros of domestic euro-denominated paper. It also tapped 8.8 billion euros and $3.3 billion from foreign markets. Stock markets in the region mostly eased, with Prague's stock index correcting, down 0.4% after rising to its highest since March 6 in the previous session. Budapest's blue chip index eased 0.2% and Warsaw was 0.02% down. BucharestBETI> was 0.5% up. CEE MARKETS SNAPSHOT AT 1120 CET CURRENCI ES Latest Previous Daily Change bid close change in 2020 Czech crown 26.1800 26.1390 -0.16% -2.86% Hungary 361.1500 361.1000 -0.01% -8.31% forint Polish 4.4745 4.4605 -0.31% -4.87% zloty Romanian 4.8740 4.8740 +0.00% -1.76% leu Croatian 7.5550 7.5583 +0.04% -1.45% kuna Serbian 117.4800 117.5500 +0.06% +0.08% dinar Note: daily calculated from 1800 change CET Latest Previous Daily Change close change in 2020 Prague 962.85 966.7600 -0.40% -13.69% Budapest 38957.58 39035.10 -0.20% -15.46% Warsaw 1859.70 1860.15 -0.02% -13.51% Bucharest 9297.00 9244.19 +0.57% -6.82% Ljubljana 880.68 876.97 +0.42% -4.88% Zagreb 1697.39 1699.22 -0.11% -15.86% Belgrade 714.23 713.27 +0.13% -10.91% Sofia 422.27 422.39 -0.03% -25.68% Yield Yield Spread Daily (bid) change vs Bund change in Czech spread Republic 2-year 0.0220 -0.0470 +078bp -4bps s 5-year 0.7370 0.0040 +150bp +1bps s 10-year 1.2400 -0.0060 +182bp +0bps s Poland 2-year 0.0650 -0.0030 +082bp +0bps s 5-year 0.4700 -0.0490 +123bp -4bps s 10-year 1.2500 -0.0070 +183bp +0bps s FORWARD 3x6 6x9 9x12 3M interba nk Czech Rep <PRI 0.37 0.42 0.47 0.35 BOR=> Hungary <BUB 0.71 0.72 0.73 0.76 OR=> Poland <WIB 0.20 0.21 0.21 0.22 OR=> Note: FRA are for ask prices quotes ****************************************************** ******** (Additional reporting by Anita Komuves in Budapest and Robert Muller in Prague; Editing by Shounak Dasgupta)