PRAGUE, March 30 (Reuters) - The Polish zloty rebounded from
a nearly 12-year low on Tuesday, outperforming central European
peers, even as a surge in COVID-19 infections in the region's
biggest economy limited gains.
Romania's leu also steadied after its biggest
daily drop in two years on Monday, when it fell out of the
4.80-4.90 trading range it had sat in over the past year. It was
down 0.1% at 4.914 per euro at 0927 GMT on Tuesday.
A trader said a correction had been overdue, while Erste
Group Bank said recent central banker comments "suggest that
policymakers might allow the currency to move toward a new
trading band."
"We expect the leu to depreciate toward 4.95 by the end of
the year," Erste said.
Other central European currencies weakened a touch, staying
off multi-month lows hit this month due to surging COVID-19
cases and a strengthening U.S. dollar. Stocks were mixed, with
Prague up 0.31% and Budapest and Warsaw
falling 0.07% and 0.32%, respectively.
The zloty touched its lowest level since April
2009 on Monday, at 4.675 to the euro, but was up 0.4% at 4.648
per euro in morning trade.
Analysts at Bank Pekao said the currency could test the 4.68
level next.
Central Europe has seen a resurgence in COVID-19 cases, with
Poland having seen a record high daily rise in infections last
week, and Hungary and the Czech Republic reporting the highest
number of deaths per capita over the past seven days.
The crown edged down to 26.105 to the euro on
Tuesday, while Hungary's forint was down less than
0.1% at 363.10.
Shares of Hungary's 4iG gained as much as 6%
after the company announced it signed a preliminary agreement to
acquire DIGI Group.
CEE SNAPSHO AT
MARKETS T 1127
CET
CURRENC
IES
Latest Previou Daily Change
s
bid close change in 2021
EURCZK Czech <EURCZK 26.1050 26.0935 -0.04% +0.48%
= crown =>
EURHUF Hungary <EURHUF 363.100 362.865 -0.06% -0.10%
= forint => 0 0
EURPLN Polish <EURPLN 4.6482 4.6672 +0.41% -1.91%
= zloty =>
EURRON Romanian <EURRON 4.9140 4.9091 -0.10% -1.00%
= leu =>
EURHRK Croatian <EURHRK 7.5670 7.5735 +0.09% -0.26%
= kuna =>
EURRSD Serbian <EURRSD 117.540 117.590 +0.04% +0.03%
= dinar => 0 0
Note: calcula 1800
daily ted CET
change from STOCKS
Latest Previou Daily Change
s
close change in 2021
.PX Prague 1092.47 1089.08 +0.31% +6.36%
00
.BUX Budapest 44584.6 44617.7 -0.07% +5.88%
5 3
.WIG20 Warsaw <.WIG20 1946.73 1953.02 -0.32% -1.88%
>
.BETI Buchares 11026.8 10970.9 +0.51% +12.45
t 7 6 %
.SBITO Ljubljan <.SBITO 985.55 983.89 +0.17% +9.40%
P a P>
.CRBEX Zagreb <.CRBEX 1864.99 1851.43 +0.73% +7.23%
>
.BELEX Belgrade <.BELEX 751.91 757.10 -0.69% +0.44%
15 15>
.SOFIX Sofia <.SOFIX 499.78 500.24 -0.09% +11.68
> %
BONDS
Yield Yield Spread Daily
(bid) change vs Bund change
in
Czech spread
Republic
CZ2YT= 2-year <CZ2YT= 0.5850 -0.1990 +128bp -22bps
RR RR> s
CZ5YT= 5-year <CZ5YT= 1.4760 -0.0710 +209bp -11bps
RR RR> s
CZ10YT <CZ10YT 1.9130 -0.0290 +218bp -8bps
=RR 10-year =RR> s
Poland
PL2YT= 2-year <PL2YT= 0.0890 -0.0030 +078bp -2bps
RR RR> s
PL5YT= 5-year <PL5YT= 0.9340 0.0900 +155bp +5bps
RR RR> s
PL10YT <PL10YT 1.5900 0.0900 +186bp +4bps
=RR 10-year =RR> s
FRA
3x6 6x9 9x12 3M
interba
nk
Czech <CZKFRA 0.44 0.54 0.94 0.36
Rep ><PRIBO
R=>
Hungary <HUFFRA 1.00 1.19 1.35 0.77
><BUBOR
=>
Poland <PLNFRA 0.24 0.27 0.33 0.21
><WIBOR
=>
Note: FRA quotes
are for ask
prices
***********************************
***************************
(Reporting by Jason Hovet in Prague, Luiza Ilie in Bucharest,
Anita Komuves in Budapest and Pawel Florkiewicz in Warsaw;
Editing by Ramakrishnan M.)
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