CEE MARKETS-Currencies tread water ahead of US CPI data

By Reuters News

- Central and Eastern European currencies moved sideways on Wednesday as markets awaited US inflation data that could offer clues to the Federal Reserve's interest-rate outlook.


Here's a round-up of the currency markets in the region:

  • "From a market perspective, the most significant event will be the release of US CPI inflation data for September...anticipation of these figures may somewhat dampen volatility," Bank Millennium wrote in a note

  • The data will be released at 1230 GMT, and economists estimate headline inflation accelerated to an annual 3.6% in September

  • The Hungarian forint and Polish zloty were both 0.05% firmer against the euro at 363.80 and 4.369 respectively

  • "Monday was obviously very quiet because it was a US holiday and this week we have some IMF conferences somewhere so the market is slightly subdued and there's not much activity going on," said an FX trader in Warsaw

  • A host of global finance chiefs are in Bangkok, where the International Monetary Fund and World Bank are holding annual meetings, and IMF fiscal affairs chief Rodrigo Valdes said the body has "dialled up" the urgency of its call for governments to rein in growing debts

  • The Czech crown was 0.05% weaker at 24.364 to the euro

  • Statistics office data showed on Tuesday that Czech consumer prices rose 2.5% on a yearly basis in September, confirming a flash estimate

  • Commerzbank said Czech inflation developments made a November interest rate hike more likely

  • "But one fine-tuning hike will not rescue CZK: inflation will accelerate faster than CNB will raise rates, pushing the real interest rate into negative and keeping the koruna under pressure," Commerzbank said

CEE MARKETS SNAPSHOT AT 0945 CET

CURRENCIES

Latest trade

Previous close

Daily change

Change in 2026

Czech crown

24.3640

24.3530

-0.05%

-0.81%

Hungary forint

363.8000

364.0000

+0.05%

+5.65%

Polish zloty

4.3690

4.3710

+0.05%

-3.51%

Romanian leu

5.3400

5.3396

-0.01%

-4.60%

Serbian dinar

117.2800

117.3700

+0.08%

+0.02%

Note: daily change calculated from 1800 CET

STOCKS

Latest

Previous close

Daily change

Change in 2026

Prague

.PX

2615.20

2603.4200

+0.45%

-2.62%

Budapest

.BUX

143781.72

143550.77

+0.16%

+29.50%

Warsaw

.WIG20

4192.39

4225.00

-0.77%

+31.67%

Bucharest

.BETI

33585.85

33489.16

+0.29%

+37.43%

BONDS

Yield (bid)

Yield change

Spread vs Bund

Daily change in spread

Czech Rep 2-year

4.3761

0.0328

+128bps

+6bps

Czech Rep 5-year

4.7104

-0.0008

+148bps

+1bps

Czech Rep 10-year

5.3152

-0.0204

+186bps

-1bps

Poland 2-year

4.7620

0.0190

+166bps

+4bps

Poland 5-year

5.9500

-0.0470

+272bps

-3bps

Poland 10-year

6.3770

-0.0100

+292bps

+0bps

FORWARD RATE AGREEMENTS

3x6

6x9

9x12

3M interbank

Czech Rep

,

4.30

4.65

4.81

3.91

Hungary

,

5.53

5.56

5.58

5.50

Poland

,

4.28

4.68

4.86

3.89

Note: FRA quotes are for ask prices

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