November 26, 2024 13:21 GMT
CEE FX: Latest Russia/Ukraine Headlines Pressure CE3 Currencies
CEE FX
CE3 currencies are on the back foot following the Russia headlines, helping EURPLN and EURCZK recover from daily lows and tip into positive territory. EURHUF, meanwhile, extends session gains to 0.45%.
- Price action is relatively contained for now though the regional currencies have shown high-beta to developments in Russia/Ukraine over the past few weeks. The broader risk-off tone across markets may be compounding moves.
- Headlines that US President-elect Donald Trump vowed to impose additional tariffs on imports from China, Mexico and Canada initially pressured EMFX overnight, with the moderate recovery since then appearing short-lived.
92 words