CEE MARKETS-FX little changed ahead of Fed and ECB while stocks gain

By Reuters News

- Central European currencies were little changed on Monday as they awaited US and eurozone interest rates decisions later in the week to give direction, while stock markets in the region rose in line with other European bourses.

  • Markets were also focused on the impact of the US-Israeli war with Iran on oil prices , which eased from six-month highs, and on social unrest in France.

  • The Polish zloty was slightly higher at 4.4005 per euro at 0928 GMT.

  • "We have long identified the zloty as the most vulnerable currency in the region, and given its rate outperformance relative to CEE peers, there is likely further upside for EUR/PLN," ING said in a note.

  • "Friday’s inflation data from Poland could help stabilise the market."

  • Elsewhere, the Czech crown stabilised around 24.3600 per euro while the Hungarian forint traded at 366.95.

  • "The euro-forint exchange rate is near the 200-day moving average. Following last week's rise, the rate has neared a key resistance level, which stands at 367.29. A support zone is visible in the 364.50-365.10 band, where the 50- and 30-day moving averages are," Brokerage Equilor said.

  • Following an election on Sunday won by a student-led protest movement, Serbia's international bonds gained

  • The euro-denominated 2031 maturity rose 0.8 cents and was bid at 97.861 cents on the euro, Tradeweb data showed .

  • Budapest .BUX led regional stock market gains with a 0.6% rise as global shares also edged higher

Romanian leu

5.3485

5.3435

-0.09%

-4.76%

Serbian dinar

117.4500

117.5200

+0.06%

-0.13%

Note: daily change calculated from 1800 CET

STOCKS

Latest

Previous close

Daily change

Change in 2026

Prague

.PX

2596.90

2583.7800

+0.51%

-3.30%

Budapest

.BUX

142910.33

142048.59

+0.61%

+28.71%

Warsaw

.WIG20

4176.61

4167.13

+0.23%

+31.17%

Bucharest

.BETI

34719.22

34678.23

+0.12%

+42.07%

BONDS

Yield (bid)

Yield change

Spread vs Bund

Daily change in spread

Czech Rep 2-year

4.4045

0.0421

+133bps

+0bps

Czech Rep 5-year

4.8184

0.0199

+164bps

-2bps

Czech Rep 10-year

5.4006

0.0256

+203bps

-1bps

Poland 2-year

4.7770

0.0370

+170bps

-1bps

Poland 5-year

6.0240

0.0140

+284bps

-3bps

Poland 10-year

6.4230

-0.0070

+305bps

-4bps

FORWARD RATE AGREEMENTS

3x6

6x9

9x12

3M interbank

Czech Rep

,

4.28

4.61

4.80

3.94

Poland

,

4.27

4.64

4.82

3.89

Note: FRA quotes are for ask prices

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