Free Trial

CEE Currencies Weaker Following ECB meeting

CEE FX
  • Euro has been receiving some support in today’s trading session despite ECB maintaining its ‘dovish’ outlook (relative to the US).
  • The ECB will continue to buy bonds ‘as long as necessary’ (i.e. open-ended) and maintained its view that it will not hike interest rates until they have stopped buying bonds.
  • EURHUF is currently trading slightly above the 369.50 level; next key resistance to watch on the topside stands at 370.
  • EURPLN is up one figure in today’s trading session and is currently trading around 4.6350; next resistance to watch on the topside stands at 4.65.
  • EURCZK has also been trending higher today and is currently trading at the high of its 2-day range; next level to watch on the topside stands at 25.40.

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.