Free Trial

CEE FX: CE3 Currencies Under Pressure Despite Surge in Equities

CEE FX
  • Despite the USD index fading off its session highs, CE3 currencies remain under pressure, unable to benefit from the sustained surge in equities following the US data. 
  • EURHUF is back above 395, and a close near current levels would consolidate gains above the 50-day EMA which was pierced earlier in the week. Meanwhile, EURCZK has bounced around 0.3% off multi-week lows printed yesterday afternoon. 
  • Czech PPI and Polish core CPI figures for July provide the highlights in the region tomorrow.
     

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.