By Anita Komuves
BUDAPEST, April 15 (Reuters) - Central European
currencies were little moved on Monday, with the Hungarian
forint holding steady after its losses from last week when a
stronger dollar put pressure on emerging assets.
The forint edged up 0.05% to trade at 392.65
versus the euro after falling more than 0.7% in the previous
session.
"After the dollar sent the forint lower last week, I expect
the currency to spend this week in a wait-and-see mode as
investors are already looking ahead to the central bank rate
meeting," an FX trader in Budapest said.
The National Bank of Hungary holds it next rate-setting
meeting on April 23. In March, the bank cut its base rate by 75
basis points to 8.25% and said that it would slow the pace of
rate cuts from the second quarter.
The Czech crown edged down 0.04% versus the euro
to 25.329.
The currency has been unmoved by data releases in recent
weeks, including inflation data that showed the trend of price
growth hovering around the central bank's target and keeping a
steady pace of rate cuts in play.
"We are rather expecting continuing defensiveness for the
crown, under the pressure of U.S. dollar gains," bank CSOB said.
Analysts expect a calm week for the Polish zloty as well.
The currency added 0.14% to trade at 4.279 versus the
common currency.
"Firstly, the calendar of macroeconomic data does not
contain - in our opinion - important publications. Secondly, the
escalation of tension between Iran and Israel has turned out to
be short-lived for now," Bank Millennium wrote.
"Thirdly, technical indications suggest that the potential
for a continuation of last week's trends is running out."
Stocks in the region were mixed, with Prague's main index
easing 0.26% while Budapest was 0.31% higher.
Warsaw's stocks were 0.49% stronger.
CEE SNAPSHOT AT
MARKETS 1014 CET
CURRENCI
ES
Latest Previous Daily Change
trade close change in
2024
Czech Hungary %
Polish % %
Romania %
Serbian % %
Note: calculated from 1800
daily CET
change
Latest Previous Daily Change
close change in
2024
Prague 1554.83 1558.960 -0.26% +9.96
0 %
Budapes 67499.20 67289.07 +0.31 +11.3
t % 5%
Warsaw % %
Buchare 16735.39 16882.42 -0.87% +8.88
st %
Spread Daily
vs change
Bund in
Czech spread
Republi
c
ps
ps
ps
Poland
ps
ps
ps
FORWARD
3x6 6x9 9x12 3M
interb
ank
Czech Hungary Poland Note: are for ask
FRA prices
quotes
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(Additional reporting by Pawel Florkiewicz in Warsaw and Jason
Hovet in Prague)