CEE MARKETS-Zloty eases after euro zone knowledge alerts…

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BUDAPEST, Oct 24 – The Polish zloty eased as much as 0.3 percent versus the euro on Wednesday after survey data indicating slowing growth in the euro area, the central European region’s main trading partner. At 0927 GMT, the zloty traded 0.23 percent weaker at 4.3014 per euro, having hit its weakest level since last Friday. “The zloty lost some ground against the dollar, but that was a result of the euro’s weakening (against the dollar) after the PMI data,” said Marcin Zawi´slak, FX senior dealer at Santander Bank Polska, referring to Purchasing Managers Index figures. The trader said the extent of the fall was less significant versus the euro, the region’s reference currency. Euro zone business growth lost far more momentum than expected as it entered the final quarter of 2018, dragged down by waning orders that dented confidence. Other regional currencies were little changed, with the forint hovering around the 323 mark as trading resumed after a four-day weekend. Traders said little activity was expected in the forint in the remaining sessions of the shortened week. “There will not be major moves,” a Budapest-based currency dealer said, predicting a range of 322.50 to 323.60 versus the euro in coming days. Budapest stocks, however, shielded from Tuesday’s selloff, fell 1.6 percent, underperforming the region and extending their losses for the year to 7 percent. CEE MARKETS SNAPSHOT AT 1127 CET CURRENCIES Latest Previous Daily Change bid close change in 2018 Czech 25.8060 25.7740 -0.12% -1.02% crown Hungary 322.8200 322.6800 -0.04% -3.69% forint Polish 4.3014 4.2915 -0.23% -2.91% zloty Romanian 4.6583 4.6665 +0.18% +0.46% leu Croatian 7.4258 7.4280 +0.03% +0.06% kuna Serbian 118.6000 118.6900 +0.08% -0.08% dinar Note: calculated from 1800 daily CET change Latest Previous Daily Change close change in 2018 Prague 1062.10 1060.2000 +0.18% -1.49% Budapest 36606.90 37185.93 -1.56% -7.04% Warsaw 2148.63 2147.81 +0.04% -12.70% Buchares 8595.78 8641.52 -0.53% +10.86 t % Ljubljan 809.11 810.74 -0.20% +0.34% a Zagreb 1780.56 1785.90 -0.30% -3.38% Belgrade 735.91 736.06 -0.02% -3.14% Sofia 598.36 597.06 +0.22% -11.67% BONDS Yield Yield Spread Daily (bid) change vs Bund change in Czech spread Republic 2-year 1.5330 -0.0610 +219bp -4bps s 5-year 1.8580 0.0050 +204bp +3bps s 2.1640 0.0070 +177bp +3bps 10-year s Poland 2-year 1.5360 -0.0200 +220bp +0bps s 5-year 2.4300 -0.0440 +261bp -2bps s 3.1910 -0.0090 +279bp +1bps 10-year s FORWARD RATE AGREEMENT 3×6 6×9 9×12 3M interba nk Czech <PR 2.06 2.24 2.39 1.77 Rep IBOR=> Hungary <BU 0.38 0.66 1.02 0.16 BOR=> Poland <WI 1.78 1.80 1.86 1.72 BOR=> Note: are for ask prices FRA quotes ********************************************************* ***** (Reporting by Gergely Szakacs in Budapest and Alicja Ptak in Warsaw Editing by David Holmes)

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