PRAGUE, March 30 (Reuters) - The Polish zloty rebounded from
a nearly 12-year low on Tuesday, outperforming central European
peers, even as a surge in COVID-19 infections in the region"s
biggest economy limited gains.
Romania"s leu also steadied after its biggest
daily drop in two years on Monday, when it fell out of the
4.80-4.90 trading range it had sat in over the past year. It was
down 0.1% at 4.914 per euro at 0927 GMT on Tuesday.
A trader said a correction had been overdue, while Erste
Group Bank said recent central banker comments "suggest that
policymakers might allow the currency to move toward a new
trading band."
"We expect the leu to depreciate toward 4.95 by the end of
the year," Erste said.
Other central European currencies weakened a touch, staying
off multi-month lows hit this month due to surging COVID-19
cases and a strengthening U.S. dollar. Stocks were mixed, with
Prague up 0.31% and Budapest and Warsaw
falling 0.07% and 0.32%, respectively.
The zloty touched its lowest level since April
2009 on Monday, at 4.675 to the euro, but was up 0.4% at 4.648
per euro in morning trade.
Analysts at Bank Pekao said the currency could test the 4.68
level next.
Central Europe has seen a resurgence in COVID-19 cases, with
Poland having seen a record high daily rise in infections last
week, and Hungary and the Czech Republic reporting the highest
number of deaths per capita over the past seven days.
The crown edged down to 26.105 to the euro on
Tuesday, while Hungary"s forint was down less than
0.1% at 363.10.
Shares of Hungary"s 4iG gained as much as 6%
after the company announced it signed a preliminary agreement to
acquire DIGI Group.
CEE SNAPSHO AT
MARKETS T 1127
CET
CURRENC
IES
Latest Previou Daily Change
s
bid close change in 2021
EURCZK Czech
مشاركة :