XM无法为美国居民提供服务。

Forint down third straight day, crown held back with CPI data due



<html xmlns="http://www.w3.org/1999/xhtml"><head><title>CEE MARKETS-Forint down third straight day, crown held back with CPI data due</title></head><body>

PRAGUE, Sept 9 (Reuters) -Hungary's forint dipped for a third straight session and the Czech crown was stuck on the weak side of a psychological level, with markets looking toward a new round of inflation readings.

The Hungarian and Czech central banks have been the most active among central European peers in easing policy since last year but are beginning to slow or possibly pause their steady diet of interest rate cuts.

Investors will focus on inflation readings from both countries on Tuesday. Analysts expect Hungarian inflation cooled in August after price growth picked up for only the second time this year in July.

Hungary's central bank (MNB) paused last month after 15 consecutive rate cuts but left the door open to possibly one or two more cuts this year.

"Given our relatively dovish views on inflation, we continue to expect policy rates to decline by more than the MNB is guiding," Goldman Sachs said in a note, "but we acknowledge that external risks, in particular Forint volatility, continue to act as the 'binding constraint' on the pace of rate reduction."

The forint EURHUF=, whose weakness in recent months has been a constraint on the central bank, fell 0.15% to 394.85 to the euro on Monday.

The forint had tested a more than one-year low near 400 to the euro at the beginning of August but is now around 1% stronger.

The crown EURCZK=, too, is stronger since the Czech National Bank last met at the beginning of August and slowed its pace of rate cuts to a standard 25-basis-point step.

Analysts expect Czech inflation in August eased back to the bank's 2% target, while markets continue to bet on chances of another rate cut this month.

The crown EURCZK= was flat around 25.029 per euro, unable to firmly break past the 25 level since early July despite U.S. dollar weakness of late supporting central European currencies.

"The markets are still rather driven by the global story, but we believe inflation numbers in the region could set the direction for FX," ING said.

Elsewhere, the Polish zloty EURPLN= and Romanian leu EURRON= were both little changed.

Bond yields ticked up in Poland and the Czech Republic, with the latter's benchmark 10-year yield CZ10YT=RR snapping a four-day fall and bid just below 3.70%, around its lowest since mid-August.


CEE MARKETS

SNAPSHOT

AT 1036 CET





CURRENCIES






Latest

Previous

Daily

Change



trade

close

change

in 2024

Czech crown

EURCZK=

25.0290

25.0290

+0.00%

-1.31%

Hungary forint

EURHUF=

394.8500

394.2500

-0.15%

-2.95%

Polish zloty

EURPLN=

4.2830

4.2820

-0.02%

+1.44%

Romanian leu

EURRON=

4.9740

4.9735

-0.01%

+0.01%

Serbian dinar

EURRSD=

116.9400

117.0100

+0.06%

+0.26%

Note: daily change

calculated from


1800 CET










Latest

Previous

Daily

Change




close

change

in 2024

Prague

.PX

1585.11

1591.9000

-0.43%

+12.10%

Budapest

.BUX

72177.68

72297.19

-0.17%

+19.07%

Warsaw

.WIG20

2327.71

2318.20

+0.41%

-0.65%

Bucharest

.BETI

17557.98

17388.74

+0.97%

+14.23%











Spread

Daily





vs Bund

change in

Czech Republic





spread

2-year

CZ2YT=RR

3.2940

0.0020

+102bps

-5bps

5-year

CZ5YT=RR

3.4750

0.0010

+137bps

-5bps

10-year

CZ10YT=RR

3.6980

0.0120

+146bps

-5bps

Poland






2-year

PL2YT=RR

4.7250

0.0260

+245bps

-2bps

5-year

PL5YT=RR

5.1280

0.0460

+303bps

-1bps

10-year

PL10YT=RR

5.3180

0.0230

+308bps

-4bps








FORWARD RATE AGREEMENTS






3x6

6x9

9x12

3M interbank

Czech Rep

CZKFRAPRIBOR=

3.88

3.54

3.26

4.33

Hungary

HUFFRABUBOR=

6.09

5.64

5.16

6.50

Poland

PLNFRAWIBOR=

5.77

5.39

4.89

5.86

Note: FRA quotes

are for ask prices




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










Reporting by Jason Hovet in Prague, Krisztina Than in Budapest and Karol Badohal in Warsaw; Editing by Angus MacSwan

For related news and prices, click on the codes in brackets:
All emerging market news EMRG CEEU CEE/

Spot FX rates
Eastern Europe spot FX EEFX= Middle East spot FX MEFX=
Asia spot FX ASIAFX= Latin America spot FX LATAMFX=

Other news and reports
World central bank news CEN Economic Data Guide ECONGUIDE
Official rates GLOBAL/INT Emerging Diary EMRG/DIARY
Top events M/DIARY Diaries DIARY Diaries Index IND/DIARY
</body></html>

免责声明: XM Group仅提供在线交易平台的执行服务和访问权限,并允许个人查看和/或使用网站或网站所提供的内容,但无意进行任何更改或扩展,也不会更改或扩展其服务和访问权限。所有访问和使用权限,将受下列条款与条例约束:(i) 条款与条例;(ii) 风险提示;以及(iii) 完整免责声明。请注意,网站所提供的所有讯息,仅限一般资讯用途。此外,XM所有在线交易平台的内容并不构成,也不能被用于任何未经授权的金融市场交易邀约和/或邀请。金融市场交易对于您的投资资本含有重大风险。

所有在线交易平台所发布的资料,仅适用于教育/资讯类用途,不包含也不应被视为用于金融、投资税或交易相关咨询和建议,或是交易价格纪录,或是任何金融商品或非应邀途径的金融相关优惠的交易邀约或邀请。

本网站上由XM和第三方供应商所提供的所有内容,包括意见、新闻、研究、分析、价格、其他资讯和第三方网站链接,皆保持不变,并作为一般市场评论所提供,而非投资性建议。所有在线交易平台所发布的资料,仅适用于教育/资讯类用途,不包含也不应被视为适用于金融、投资税或交易相关咨询和建议,或是交易价格纪录,或是任何金融商品或非应邀途径的金融相关优惠的交易邀约或邀请。请确保您已阅读并完全理解,XM非独立投资研究提示和风险提示相关资讯,更多详情请点击 这里

风险提示: 您的资金存在风险。杠杆商品并不适合所有客户。请详细阅读我们的风险声明