U.S. payrolls weighed on CEE currencies
The Czech government should be completed today
On Friday, the CEE currencies have wiped out all gains triggered by ECB meeting. The positive risk sentiment resulting from ECB pledge to keep the loose policy stance was outweighed by better than expected U. S. payrolls on Friday. Polish bond yields rose on concerns that the Fed will soon reduce its stimulus program. The Czech bond market was closed due to holidays, but surprisingly there was also no reaction on otherwise sensitive Hungarian bond market.
Read the full report: FX Daily
KBC