PRAGUE, Dec 28 (Reuters) - The Czech crown on Tuesday firmed past the key 25-per-euro mark on the back of recent interest rate hikes and led gains among central and east European currencies in holiday-thinned trading.
The region's units were supported by an improvement in global risk appetite as worries over the Omicron coronavirus variant eased and Wall Street ended on a strong note overnight.
Among CEE currencies, the crown was up 0.4% at 24.97 versus the euro by 1346 GMT after earlier hitting a 22-month high.
The crown had crossed the 25 level only briefly last week, the first time since February 2020, after the Czech central bank delivered a third straight hefty rate hike and left space for more tightening to come.
The currency has gained 5% this year, outperforming regional peers. Analysts expect those gains to be maintained in 2022.
"The crown is becoming more sensitive to the widening interest rate differential (with the euro zone)," Czech bank CSOB said.
In Hungary, the forint was largely flat on Tuesday. It has shed 1.8% in 2021, held back by worries including disputes between Budapest and the European Union.
The Polish zloty also nudged up less than 0.1%, while Warsaw blue-chips led gains in central Europe with a 0.9% rise, helped by upbeat global sentiment.
Prague stocks touched a fresh 13-year high.
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CEE MARKETS |
SNAPSHOT |
AT 1446 CET |
||||
|
CURRENCIES |
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|
Latest |
Previous |
Daily |
Change |
|||
|
bid |
close |
change |
in 2021 |
|||
|
EURCZK= |
Czech crown |
24.9700 |
25.0670 |
+0.39% |
+5.04% |
|
|
EURHUF= |
Hungary forint |
369.3000 |
369.4600 |
+0.04% |
-1.78% |
|
|
EURPLN= |
Polish zloty |
4.6010 |
4.6032 |
+0.05% |
-0.91% |
|
|
EURRON= |
Romanian leu |
4.9499 |
4.9503 |
+0.01% |
-1.72% |
|
|
EURHRK= |
Croatian kuna |
7.5190 |
7.5025 |
-0.22% |
+0.38% |
|
|
EURRSD= |
Serbian dinar |
117.5500 |
117.5800 |
+0.03% |
+0.02% |
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|
Note: daily change |
calculated from |
1800 CET |
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|
STOCKS |
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Latest |
Previous |
Daily |
Change |
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|
close |
change |
in 2021 |
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.PX |
Prague |
(.PX) |
1422.04 |
1422.8100 |
-0.05% |
+38.45% |
|
.BUX |
Budapest |
(.BUX) |
49784.69 |
49654.12 |
+0.26% |
+18.23% |
|
.WIG20 |
Warsaw |
(.WIG20) |
2245.77 |
2226.24 |
+0.88% |
+13.20% |
|
.BETI |
Bucharest |
(.BETI) |
13000.84 |
12808.74 |
+1.50% |
+32.59% |
|
.SBITOP |
Ljubljana |
(.SBITOP) |
1266.19 |
1260.96 |
+0.41% |
+40.56% |
|
.CRBEX |
Zagreb |
(.CRBEX) |
2056.97 |
2047.73 |
+0.45% |
+18.26% |
|
.BELEX15 |
Belgrade |
(.BELEX15) |
826.21 |
828.99 |
-0.34% |
+10.37% |
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.SOFIX |
Sofia |
(.SOFIX) |
633.31 |
633.31 |
+0.00% |
+41.51% |
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BONDS |
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Yield |
Yield |
Spread |
Daily |
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|
(bid) |
change |
vs Bund |
change in |
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|
Czech Republic |
spread |
|||||
|
CZ2YT=RR |
2-year |
3.6700 |
0.0050 |
+431bps |
+1bps |
|
|
CZ5YT=RR |
5-year |
3.2990 |
0.0070 |
+379bps |
+1bps |
|
|
CZ10YT=RR |
10-year |
2.9740 |
0.0200 |
+321bps |
+2bps |
|
|
Poland |
||||||
|
PL2YT=RR |
2-year |
3.1790 |
-0.0120 |
+382bps |
-1bps |
|
|
PL5YT=RR |
5-year |
3.9180 |
0.0330 |
+441bps |
+4bps |
|
|
PL10YT=RR |
10-year |
3.5360 |
0.0000 |
+378bps |
-1bps |
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|
FRA |
||||||
|
3x6 |
6x9 |
9x12 |
3M interbank |
|||
|
Czech Rep |
4.61 |
4.13 |
3.99 |
4.05 |
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|
Hungary |
5.06 |
5.18 |
5.19 |
4.05 |
||
|
Poland |
3.66 |
3.90 |
3.89 |
2.48 |
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Note: FRA quotes are for ask prices |
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************************************************************** |
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Reporting by Jason Hovet in Prague; Editing by Ramakrishnan M. and Aditya Soni
Source: Reuters