Currencies hold strong near recent highs
2 weeks, 4 days ago

Currencies hold strong near recent highs

Live Mint  

PRAGUE, Dec 5 - The Polish zloty and the Czech crown held tight around more than two-month highs against the euro on Thursday while the Hungarian forint climbed a third straight day as markets took in more hawkish central bank stances. The crown rose in the previous session after third-quarter Czech wage data came in higher than expected and central bank Governor Ales Michl also said policymakers were likely to soon pause their rate-cutting cycle. The central banks of Hungary and Romania have already held their main rates steady - at the European Union's joint highest levels - for the past two meetings, as the region turns to stable policy stances with inflation risks still around even as economic recoveries remain muted. In Poland, the zloty added 0.2% to trade at 4.27 per euro and markets were waiting on a scheduled news conference with central bank Governor Adam Glapinski later in the day following Wednesday's rate decision. CEE SNAPSHOT AT MARKETS 1057 CET CURRENCIES Latest Previo Daily Change us trade close change in 2024 Czech 0 Hungary 00 Polish Romania Serbian 00 Note: calculated from 1800 CET daily change Latest Previo Daily Change us close change in 2024 Prague 1707.76 1700.9 0.40% 20.77 500 % Budapes 79222.28 79047.

History of this topic

FX flat ahead of Hungarian and Czech rate decisions
1 week ago

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