CEE currencies corrected previous gains
Czech and Hungarian inflation remains low
Central European currencies, temporary boosted by last week´s intervention of the Polish central bank, corrected their gains yesterday. The correction was supported by two factors. First of all, the S&P, a rating agency, decided to change its outlook on the U.S. government debt, from negative to neutral. Following that decision, the forint proved to be the regional currency most sensitive to dollar gains. The Hungarian currency weakened by almost 1 %, nevertheless the technical barrier 300 EUR/HUF was not touched (yet).
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KBC