CEE MARKETS-Currencies mostly steady ahead of big rate decisions

Reuters
·2 min read

PRAGUE, Feb 1 (Reuters) - Central European currencies were steady on Wednesday, with Hungary's forint being the sole gainer after data suggested an improvement in economic sentiment, while the markets were awaiting policy decisions from the world's key central banks. The Purchasing Managers Index (PMI) rose in Poland and the Czech Republic in January. In Hungary, the indicator dropped, but came out above a long-term monthly average and above the 50-point level separating growth from decline. The Hungarian forint was adding 0.38% to 390.2 per euro by 1026 GMT. Markets were focusing on U.S. Federal Reserve's rate decision, due later in the day, and the European Central Bank, which will decide on rates on Thursday. In the region, the Czech National Bank's policy meeting is due on Thursday, where the main rate is expected to stay at more than two-decade high of 7.00%. The Czech crown was up 0.1% at 23.764 per euro, the Polish zloty was flat at 4.71 per euro. Some Central European stock markets were on a rise, with Prague up by 0.82%, Budapest adding 0.1%, while Warsaw was down by 0.80%. Bucharest was increasing by 0.63%. CEE SNAPSHO AT MARKETS T 1026 CET CURRENC IES Latest Previous Daily Change bid close change in 2023 EURCZK= Czech EURHUF= Hungary 0 EURPLN= Polish EURRON= Romanian EURHRK= Croatian EURRSD= Serbian 0 Note: calculated from 1800 daily CET change Latest Previous Daily Change close change in 2023 .PX Prague 1340.61 1329.660 +0.82% +11.56 0 % .BUX Budapest 45392.0 45339.18 +0.12% +3.65% 9 .WIG20 Warsaw 1887.08 1902.25 -0.80% +5.31% .BETI Bucharest 12212.8 12139.42 +0.60% +4.71% 6 .SBITOP Ljubljana <.SBITOP 1143.87 1130.79 +1.16% +9.06% > .CRBEX Zagreb 2117.95 2110.79 +0.34% +706.0 1% .BELEX1 Belgrade <.BELEX1 859.91 860.34 -0.05% +4.28% 5 5> .SOFIX Sofia 614.96 614.89 +0.01% +2.24% Yield Yield Spread Daily (bid) change vs Bund change in Czech spread Republic CZ2YT=R 2-year s CZ5YT=R 5-year s CZ10YT= 10-year s Poland PL2YT=R 2-year s PL5YT=R 5-year s PL10YT= 10-year s FORWARD 3x6 6x9 9x12 3M interba nk Czech Rep 7.15 6.92 6.45 7.21 Hungary 14.70 13.02 11.61 16.05 Poland 6.95 6.82 6.44 6.95 Note: FRA are for ask quotes prices *********************************************** *************** (Reporting by Robert Muller; Editing by Rashmi Aich)

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