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CEE Currencies Slightly Up Ahead of NFP

CEE FX
  • USD index has been retracing higher in the past few days ahead of NFP; market (BBG) expects +550K jobs added in November.
  • A higher than expected print is likely to accelerate the USD momentum over speculation that the Fed will speed up its tapering.
  • CEE currencies are slightly up this morning though:
    • USDPLN has been testing its 4.06 support; next level to watch on the downside stand at 4.0480. on the topside, resistance to watch stands at 4.10.
    • USDHUF trades slightly below the 322 level; ST support to watch stands at 321.20. Resistance to watch on the topside stands at 325.90.
    • USDCZK fell below the 22.50 level this morning; ST support to watch stands at 22.43. On the topside, resistance to watch stands at 22.60.

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