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FX drifts as markets eye global factors

CEE MARKETS-FX drifts as markets eye global factors By Alan Charlish WARSAW, July 12 (Reuters) - Central European currencies were mainly moving sideways in thin trade on Friday, with investors keeping an eye on global factors including reports of a possible intervention to prop up the Japanese yen . The yen swung between losses and gains in volatile trade, reflecting investors' skittishness after Tokyo was thought to have intervened to support the currency in the wake of a cooler-than-expected U
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Stocks on track for weekly gains; India, S.Africa in focus

EMERGING MARKETS-Stocks on track for weekly gains; India, S.Africa in focus Updated at 0858 GMT South Africa Treasury budget vote on tap Czech central banker Prochazka says another 50-bps rate cut unlikely India June inflation due at 1200 GMT IMF says assessing recent Kenya developments Stocks, FX flat By Johann M Cherian July 12 (Reuters) - Stocks and currencies across emerging markets were broadly flat on Friday, but an index tracking equities were set to log gains for the sixth week out of fi
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FX stablise as markets take in softer-than-expected inflation data

CEE MARKETS-FX stablise as markets take in softer-than-expected inflation data By Anita Komuves BUDAPEST, July 11 (Reuters) - Central European currencies drifted on Thursday as markets assessed the latest round of inflation data in Romania, the Czech Republic and Hungary, with the crown holding off a three-month low. The Czech crown EURCZK= traded at 25.366 per euro by 0825 GMT, down 0.1% from Wednesday's close, after falling to its weakest since April - at 25.425 - in the previous session when
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China stocks slip after inflation data; Czech crown weakens

EMERGING MARKETS-China stocks slip after inflation data; Czech crown weakens Updated at 0908 GMT Sri Lanka paves way for Musk's Starlink to enter telecoms market Hungary to end taxes on some companies from 2025, report says IMF reschedules Egypt executive board meeting to late July Nigeria's NNPC seeks new oil-backed loan to boost finances Stocks off 0.1%, FX flat By Johann M Cherian July 10 (Reuters) - Emerging market equities slipped on Wednesday, with China's bourses among the top losers afte
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Czech inflation slowdown hits crown, market rates fall

CEE MARKETS-Czech inflation slowdown hits crown, market rates fall PRAGUE, July 10 (Reuters) - The crown fell to a three-month low on Wednesday after a surprise drop in the Czech headline inflation rate sparked bets the central bank could cut interest rates quicker than expected. The crown's EURCZK= 0.5% drop made it the biggest faller in central Europe, where other currencies were able to gain.
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Hungary's forint extends losses after tax measures; Kenyan bonds in focus

EMERGING MARKETS-Hungary's forint extends losses after tax measures; Kenyan bonds in focus Updated at 0935 GMT Sri Lanka to wrap up debt restructuring talks soon Hungary's June CPI slows, comes in below expectations China's June new yuan loans seen surging on supportive policy Stocks up 0.3%, FX flat By Johann M Cherian July 9 (Reuters) - Most emerging markets currencies were little changed on Tuesday, but Hungary's forint fell for the second day after the government announced new tax policies,
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Forint leads losses as investors digest taxation measures

CORRECTED-CEE MARKETS-Forint leads losses as investors digest taxation measures Corrects zloty valuation to read 4.265 (not 4.65) to the euro, in paragraph 8 By Boldizsar Gyori BUDAPEST, July 9 (Reuters) - Hungary's forint EURHUF= weakened on Tuesday after inflation for June came in below expectations and investors digested new government policies to balance the budget.
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The two most important factors influencing currencies today

BUZZ-COMMENT-The two most important factors influencing currencies today July 8 (Reuters) - The two most important factors influencing currencies today are the robust state of risk appetite that has lifted many stock indexes to record highs, and the quiet state of FX markets which has seen volatility slump in major markets . When combined, these two factors support the establishment of carry trades which have been further enhanced by favourable moves in the direction for the few currencies that
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Zloty marches back to highs, forint faces renewed pressure

CEE MARKETS-Zloty marches back to highs, forint faces renewed pressure WARSAW, July 8 (Reuters) - The zloty firmed on Monday to a one-month high, outperforming peers in central Europe, as the prospect of stable interest rates for longer and a weaker dollar boost the Polish currency. Hungary's forint saw renewed pressure, as Budapest laid out government plans seeking a "defence contribution" from banks, energy firms, and multinational companies.
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Currencies flat, Romania may see first rate cut in 3 years

CEE MARKETS-Currencies flat, Romania may see first rate cut in 3 years WARSAW, July 5 (Reuters) - Central European currencies were mostly flat on Friday, with investors analysing fresh data from Hungary and Poland's central bank's inflation forecasts, while the Romanian central bank may cut interest rates for the first time in three years. Czech markets remain closed on Friday and U.S.
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Forint gains ground, zloty firm as Polish rates on hold

CEE MARKETS-Forint gains ground, zloty firm as Polish rates on hold PRAGUE, July 4 (Reuters) - The zloty held firm on the strong side of 4.30 to the euro on Thursday with markets expecting further confirmation that Polish interest rates are unlikely to be cut this year, while a softer dollar gave some respite to central Europe's currencies. Hungary's forint led the gains, rising for a second straight session, while the Czech crown steadied after a fall earlier this week.
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Polish zloty firms as traders brace for rate decision

CEE MARKETS-Polish zloty firms as traders brace for rate decision By Alan Charlish WARSAW, July 3 (Reuters) - The Polish zloty EURPLN= strengthened on Wednesday, as traders looked ahead to an interest rate decision that is likely to see the cost of credit remain on hold and the second round of parliamentary elections in France. At a time when markets are expecting monetary policy easing both in core markets and elsewhere in central Europe, National Bank of Poland Governor Adam Glapinski has rule
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Weak state of emerging currencies may spur risk aversion

BUZZ-COMMENT-Weak state of emerging currencies may spur risk aversion July 3 (Reuters) - The weak state of emerging market currencies may spur risk aversion , which boosts demand for the dollar and could drive these less liquid currencies down further and faster. In the past, similar slumps in these currencies have been the result of a crisis, though that is not the case today.
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Crown, zloty seen rebounding in six months, forint expected to tread water

POLL-Crown, zloty seen rebounding in six months, forint expected to tread water reuters://realtime/verb=Open/url=cpurl://apps.cp./Apps/fx-polls?RIC=EURCZK= euro/koruna poll data reuters://realtime/verb=Open/url=cpurl://apps.cp./Apps/fx-polls?RIC=EURPLN= euro/zloty poll data reuters://realtime/verb=Open/url=cpurl://apps.cp./Apps/fx-polls?RIC=EURHUF= euro/forint poll data reuters://realtime/verb=Open/url=cpurl://apps.cp./Apps/fx-polls?RIC=EURRON= euro/leu poll data reuters://realtime/verb=Open/url
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Central-European currencies weaken amid general risk-off mood and firming dollar

CEE MARKETS-Central-European currencies weaken amid general risk-off mood and firming dollar By Boldizsar Gyori BUDAPEST, July 2 (Reuters) - The Hungarian forint and the Polish zloty led losses in central Europe on Tuesday as a risk-off mood prevailed in emerging markets and the dollar strengthened. The Polish zloty EURPLN= was trading at a 10-day low of 4.328 at 1019 GMT after briefly firming past the psychological level of 4.3 euros during Monday's trading.
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Stocks, FX drop with yuan hitting seven-month low

EMERGING MARKETS-Stocks, FX drop with yuan hitting seven-month low Updated at 0911 GMT Higher oil prices set to influence currencies in near future IMF revises up Ghana's 2024 growth forecast Poland kicks off monetary policy meet Stocks off 0.6%, FX slips 0.2% By Johann M Cherian July 2 (Reuters) - Most stocks and currencies in emerging markets slipped on Tuesday, with the yuan trading at a fresh seven-month low, while the rand slipped as investors assessed possible challenges faced by the count
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If yuan drops, many other currencies may follow

BUZZ-COMMENT-If yuan drops, many other currencies may follow July 2 (Reuters) - If yuan drops, many other currencies may follow and with China's currency already perched on the edge of a record low versus the dollar, the declines for currencies it influences could be similarly dramatic. All of the nations that compete with China tend to let their currencies follow yuan's lead in order to maintain their competitive edge, yet no nation has the means to control their currencies like China can.
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Rand gains 1% after S.Africa cabinet announcements

EMERGING MARKETS-Rand gains 1% after S.Africa cabinet announcements Zloty, forint climb after French elections Robust demand boosts India factory growth in June, PMI shows Turkey could get funding boost after FATF upgrade, Simsek says Chinese factory activity up in June Stocks up 0.1%, FX flat By Johann M Cherian July 1 (Reuters) - The rand led gains among most emerging market currencies on Monday after South Africa unveiled its long-awaited cabinet following recent elections, while investors al
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Zloty, forint firms on euro jump, Czech crown lags behind

CEE MARKETS-Zloty, forint firms on euro jump, Czech crown lags behind By Boldizsar Gyori BUDAPEST, July 1 (Reuters) - Central European currencies firmed or held steady on Monday as the euro firmed and markets' risk-appetite grew following the first round of French parliamentary elections that somewhat eased investor uncertainty. Hungary's forint EURHUF= firmed 0.4% to a 3-week high to trade at 393.1 to the euro, with the Polish zloty EURPLN= also firming 0.34% to trade at 4.295 at 0831 GMT.
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FX slightly up, Czech crown recovers from 8-week low

CEE MARKETS-FX slightly up, Czech crown recovers from 8-week low WARSAW, June 28 (Reuters) - Central Europe's currencies rose on Friday, with the crown recovering some ground after falling to eight-week lows when the Czech central bank delivered a fourth-straight 50-basis-point interest rate cut that only a minority in the market expected. The crown had closed around 0.7% lower on Thursday after the Czech National Bank (CNB) cut its key two-week repo rate to 4.75%.
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