MNI: PBOC Net Drains CNY273.8 Bln via OMO Thurs

MNI: PBOC Sets Yuan Parity Lower At 7.1879 Thurs; -2.83% Y/Y

MNI China Daily Summary: Tuesday, December 31

CHINA DEC CAIXIN MANUFACTURING PMI 50.5 VS 51.5 IN NOV

MNI China Press Digest Dec 31: PBOC, Panda Bonds, EVs

CHINA DEC MANUFACTURING PMI 50.1 VS 50.3 IN NOV

MNI:US OCT FHFA HPI SA +0.4% V +0.7% SEP; +4.5% Y/Y

MNI: US REDBOOK: DEC STORE SALES +5.5% V YR AGO MO

EZ/UK T-Bill Calendar: 1/3/6-Month UKTB Auction on Friday

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2025 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

CEE FX: CE3 Currencies Weaken as EUR/USD Hits 2-Week Low

CEE FX

EUR/USD slipping to a 2-week low has placed some pressure on CE3 currencies, with HUF, PLN and CZK each around 0.4% weaker against the dollar at typing. Latest weakness comes off the back of a broader risk-off move across markets, with major global equity benchmarks fading from session highs, though there is no obvious headline driver behind the move.

  • ING noted yesterday that while the move lower in EUR/USD has not yet fully translated into CEE FX, rate differentials remain the highest in several weeks which should keep CEE FX at stronger levels.
  • Across CEE, the NBP rate decision takes focus on Wednesday, though it is highly unlikely that any of the ten members of the MPC will cast their vote in favour of a rate cut this week, with the central bank widely expected to stand pat on rates at least through the end of 2024.
EM BulletBulletGlobalEmerging Market NewsRegion
EM BulletBulletGlobalEmerging Market NewsRegion

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.