PRAGUE, Nov 13 (Reuters) - Central Europe's currencies
firmed on Wednesday to come off recent lows, but stayed under
pressure from a stronger dollar in the wake of Donald Trump's
victory in the U.S. election.
The Hungarian forint gained 0.4% to 409.20 to the
euro and stayed just off its 23-month low of 412.50 hit last
week.
"Uncertainty about America and Trump's presidency shows in
the rate of all emerging currencies," a Budapest-based trader
said.
"Markets are awaiting U.S. inflation data, but even that is
not very important now when the real question is what economic
and other policies Donald Trump will introduce next year."
Until then, the trader expects the forint to move between
400 and 413 per euro.
Emerging market currencies have been under pressure since
Trump's win as the dollar strengthened on expectations his
tariff and immigration policies could push up inflation,
limiting scope for U.S. interest rate cuts.
Tariffs could also be a blow to central Europe's more
export-dependent economies.
Elsewhere in markets, Poland's zloty was steady at
4.347 per euro and the Czech crown edged up 0.3% to
25.33 to the euro.
Polish central banker Cezary Kochalski told ISBnews in
comments published on Wednesday that there may be room to cut
interest rates in March 2025.
Poland, unlike Hungary or the Czech Republic, has seen
interest rates unchanged for the past year after two cuts in
2023.
CEE SNAPSHOT AT
MARKETS 1201
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 1666.28 1668.3 -0.12% +17.84
400 %
Budapes 77180.93 76966. +0.28% +27.32
t 70 %
Warsaw 3
Buchare 17718.84 17677. +0.23% +15.27
st 85 %
Spread Daily
vs Bund change
in
Czech spread
Republi
c
Poland
0
0
0
FORWARD RATE
AGREEMENTS
3x6 6x9 9x12 3M
interba
nk
Czech Hungary Poland Note: are for ask prices
FRA
quotes
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(Reporting by Jason Hovet in Prague, Pawel Florkiewicz in
Warsaw, Anita Komuves in Budapest; Editing by Mrigank Dhaniwala)