By Radu-Sorin Marinas
BUCHAREST, Aug 4 (Reuters) - The Polish zloty and the Czech
crown led Central European currency gains on Tuesday, mirroring
the euro's firming against the dollar, while shrugging off a
spike in new coronavirus infections in the region's biggest
economy.
The euro, which strengthened 5% at the dollar's expense last
month, inched up 0.2% on the day, with analysts predicting a
faster economic recovery of the euro zone compared with that of
the United States.
The euro zone is Central Europe's main trading partner.
"Equities in the U.S. yesterday ended up in green, so that
set up the mood for today, and the euro/dollar going higher also
helps. With euro/dollar going higher the zloty has really
strengthened," a Warsaw-based currency trader said.
Poland on Tuesday reported another record daily increase in
new cases, with 680 infections, after a spike driven by
outbreaks amongst miners and after public gatherings. The new
record comes as Poland considers introducing stricter
restrictions.
By 0950 GMT, the Polish zloty and the Czech crown
firmed by 0.45% each to 4.3980 and 26.1750
respectively. Hungary's forint inched up 0.1% at
344.67, while the Romanian leu lingered at 4.8350.
The Hungarian central bank (NBH) said on Tuesday that it
planned to "jump-start" the green bond market in the country,
which will require a range of incentives by the bank and also
other regulators.
All stock indices rose in the region, with Prague
rising for a second consecutive session by more than 0.7%.
Warsaw and Bucharest's blue-chip index rose
0.5% each, while Budapest was up 0.4%.
CEE SNAPSHOT AT 1140
MARKETS CET
CURRENCIES
Latest Previous Daily Change
bid close change in 2020
Czech 26.1850 26.3000 +0.44% -2.88%
crown
Hungary 344.5000 344.8300 +0.10% -3.88%
forint
Polish 4.4030 4.4180 +0.34% -3.33%
zloty
Romanian 4.8340 4.8330 -0.02% -0.95%
leu
Croatian 7.4680 7.4743 +0.08% -0.30%
kuna
Serbian 117.5200 117.6200 +0.09% +0.04%
dinar
Note: calculated from 1800 CET
daily
change
Latest Previous Daily Change
close change in 2020
Prague 898.58 892.1800 +0.72% -19.46%
Budapest 34648.52 34620.25 +0.08% -24.81%
Warsaw 1813.93 1804.38 +0.53% -15.63%
Bucharest 8472.07 8431.74 +0.48% -15.09%
Ljubljana 846.72 844.15 +0.30% -8.55%
Zagreb 1579.44 1581.87 -0.15% -21.71%
Belgrade 667.18 666.01 +0.18% -16.78%
Sofia 436.05 436.59 -0.12% -23.25%
Yield Yield Spread Daily
(bid) change vs Bund change
in
Czech spread
Republic
2-year 0.0890 0.0410 +080bps +5bps
5-year 0.3740 -0.0060 +110bps +1bps
10-year <CZ10YT=RR 0.8360 0.0090 +137bps +3bps
>
Poland
2-year 0.1340 -0.0060 +085bps +1bps
5-year 0.6660 -0.0220 +139bps -1bps
10-year <PL10YT=RR 1.2600 -0.0460 +180bps -3bps
>
FORWARD
3x6 6x9 9x12 3M
interba
nk
Czech Rep <P 0.33 0.32 0.35 0.34
RIBOR=>
Hungary <B 0.61 0.60 0.60 0.60
UBOR=>
Poland <W 0.19 0.16 0.16 0.23
IBOR=>
Note: FRA are for ask prices
quotes
******************************************************
********
(Additional reporting by Alan Charlish in Warsaw; Editing by
Maju Samuel)
Our Standards:The Thomson Reuters Trust Principles.
source: reuters.com