BUDAPEST, Aug 20 (Reuters) - The Polish zloty and the
Czech crown eased on Wednesday as the dollar firmed and markets
focussed on news about the Ukraine-Russia war and turned their
attention towards the U.S. Federal Reserve's Jackson Hole
symposium this week.
The U.S. dollar gained for a third straight session on
Wednesday against the euro and sterling as traders awaited the
Fed's symposium for clues on the monetary policy path.
Friday's speech by Fed Chair Jerome Powell is the market's
main focus, as traders watch for any pushback against market
pricing of a rate reduction next month.
PKO Bank said in a note that European investors will also
monitor efforts to end the war in Ukraine, particularly signs
from Moscow that a meeting between Vladimir Putin and Volodymyr
Zelenskiy will take place.
"Such signals could support further appreciation of the
zloty and lead to a breakout of the support level of 4.24
EUR/PLN, which would pave the way for a move towards the
4.23-4.22 zone," it said.
The Polish zloty slid 0.16% to trade at 4.2515 per
euro, while the Czech crown edged down 0.11% to 24.481
against the euro and the Romanian leu was stable.
On Tuesday, U.S. President Donald Trump said that he had
ruled out putting U.S. troops on the ground in Ukraine, but said
the United States might provide air support as part of a deal to
end Russia's war in the country.
Trump's comments follow his offer of security guarantees to
help end the war made at an extraordinary White House summit on
Monday.
Stock markets in the region were mixed, with Prague's
equities edging down 0.03% and Warsaw's blue chip index
losing 0.19%. Bucharest's stocks were 0.7% up.
Markets in Budapest were closed for a national holiday.
CEE MARKETS SNAPSHOT AT
1051 CET
CURRENC Latest Previou Daily Change
IES trade s close chang in 2025
e
Czech 0 %
Hungary 00 0 %
Polish %
Romania 1%
Serbian 00 0 6%
Note: daily change
calculated from 1800 CET
STOCKS Latest Previou Daily Change
s close chang in 2025
e
Prague 2316.9 2317.51 -0.03 +31.63
1 00 % %
Budapes 106542 106542. +0.0 +34.31
t .74 74 0% %
Warsaw 3 % %
Buchare 20760. 20617.1 +0.7 +24.16
st 57 7 0% %
BONDS Yield Yield Sprea Daily
(bid) change d vs change
Bund in
spread
Czech bps
2-year
Czech bps
5-year
Czech bps
10-year
Poland bps
Poland bps
Poland bps
FORWARD 3x6 6x9 9x12 3M
RATE interba
AGREEME nk
NTS
Czech Poland Note: FRA quotes are for ask
prices