CEE MARKETS — Zloty weakest since early 2024, crown slips as FX comes under pressure
PRAGUE, Sept 24 (Reuters) — Central European currencies slipped on Thursday, with Poland's zloty hitting its lowest level since the start of 2024 and the Czech crown touching a five-month low, as the US dollar rallied on energy market worries. On bond markets, Romania's 10-year benchmark bond yield was bid at a one-year high of 7.66% as efforts to form a new government in Bucharest and uncertainty over the country's aims to cut high budget deficits increased investor caution. Currencies have been mostly on the decline this month and are facing pressure from rising risk aversion connected to developments in the US-Iran conflict in the Middle East. Analysts said markets were rattled by reports from website Politico that US President Donald Trump's administration was preparing plans for a 90-day diesel export ban. However, the White House has denied this. On Thursday, the zloty had fallen 0.3% to 4.3910 by 0854 GMT, trading off a session low of 4.401 — its weakest since January 2024. The crown was steady at 24.401 per euro mid-morning and hit a session low of 24.440. Hungary's forint traded 0.35% down at 366.25 per euro after hitting its strongest level for September — at 359.85 — thi
PRAGUE, Sept 24 (Reuters) — Central European currencies slipped on Thursday, with Poland's zloty hitting its lowest level since the start of 2024 and the Czech crown touching a five-month low, as the US dollar rallied on energy market worries. 66% as efforts to form a new government in Bucharest and uncertainty over the country's aims to cut high budget deficits increased investor caution. Currencies have been mostly on the decline this month and are facing pressure from rising risk aversion connected to developments in the US-Iran conflict in the Middle East.
Analysts said markets were rattled by reports from website Politico that US President Donald Trump's administration was preparing plans for a 90-day diesel export ban. However, the White House has denied this. 401 — its weakest since January 2024. 440.
85 — this week. Gains were initially supported by the central bank's decision to keep interest rates unchanged and raise its inflation forecasts. The forint has been a clear outperformer this year, with good sentiment still helping it since Peter Magyar's centre-right government took power in May and ended nationalist Viktor Orban's 16-year rule. Bond yields have also been falling in Hungary, with appetite boosted by the state's aims of euro adoption.
Other benchmark yields in central Europe have been rising and are at one-year or multi-year highs. 38% 9 00 Budapes 151974 152002. 41 25 % Warsaw 4 % Buchare 31172. com)