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CEE Currencies Slightly Stronger Following US CPI

CEE FX
  • US inflation came in as expected and accelerated to 6.8% in November, up from 6.2% the previous month.
  • The US Dollar weakened broadly following the release with the DXY index finding support at 96.10 before starting to edge gradually higher.
  • USDHUF tested the 323 support earlier, next level to watch on the downside stands at 321.50.
  • USDCZK found support slightly above the 22.40 level; a break below that level would have opened the door for a move down to 22.2340,
  • USDPLN found a low at 4.0780 after the release; next support to watch on the downside stands at 4.06.

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