CEE MARKETS-Higher energy prices pressure FX

By Reuters News

- The Czech crown touched a five-week low on Friday and other Central Eastern European currencies slipped, as energy prices rose and data showed a mixed picture in terms of economic growth in the region.

  • The dollar held near 19-month highs on Friday and was set for its biggest weekly rise in two months.

  • "The CEE market remains under pressure. Yesterday's surge in energy prices and new lows in the EUR/USD pair are pushing regional FX to new lows," ING analysts wrote.

  • The Czech crown eased 0.1% to 24.4010 against the euro at 0946 GMT, its weakest level in more than a month.

  • Minutes published on Friday showed Czech central bankers voted narrowly 4-3 to lift its main rate to 4.00% last week, but agreed a hike would not mark the start of a tightening cycle.

  • Third-quarter gross domestic product (GDP) growth in Poland slowed, but remained solid compared to central European peers, with Romania's economy just avoiding contraction and Slovakia's growth slowest since 2022, data showed on Friday.

  • The Polish zloty traded down 0.1% at 4.4065 per euro, with analysts pointing to global factors, as it remained on the firmer side of a three-year low of 4.4290 hit in early November.

  • The Hungarian forint edged 0.04% lower to 365.75 per euro, with a Budapest-based trader pointing at higher energy prices as a possible driver.

  • Romanian leu eased 0.03% against the euro to 5.3490.


CEE MARKETS SNAPSHOT AT 1046 CET

CURRENCIES

Latest trade

Previous close

Daily change

Change in 2026

Czech crown

24.4010

24.3850

-0.07%

-0.96%

Hungary forint

365.7500

365.6000

-0.04%

+5.09%

Polish zloty

4.4065

4.4035

-0.07%

-4.33%

Romanian leu

5.3490

5.3475

-0.03%

-4.77%

Serbian dinar

117.5000

117.6000

+0.09%

-0.17%

Note: daily change calculated from 1800 CET

STOCKS

Latest

Previous close

Daily change

Change in 2026

Prague

.PX

2634.57

2627.0000

+0.29%

-1.90%

Budapest

.BUX

146159.43

146252.73

-0.06%

+31.64%

Warsaw

.WIG20

4299.21

4279.50

+0.46%

+35.02%

Bucharest

.BETI

34483.38

34460.76

+0.07%

+41.10%

BONDS

Yield (bid)

Yield change

Spread vs Bund

Daily change in spread

Czech Rep 2-year

4.3420

0.0272

+121bps

+2bps

Czech Rep 5-year

4.6439

0.0624

+145bps

+4bps

Czech Rep 10-year

5.2331

0.0510

+186bps

+1bps







Poland 2-year

5.0580

0.1340

+192bps

+13bps

Poland 5-year

5.8320

0.0580

+264bps

+3bps

Poland 10-year

6.3220

0.0540

+295bps

+1bps

FORWARD RATE AGREEMENTS

3x6

6x9

9x12

3M interbank

Czech Rep

,

4.34

4.64

4.77

4.10

Poland

,

4.26

4.59

4.75

3.90

Note: FRA quotes are for ask prices




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