Central European Daily

The Central European currencies slightly strengthened against the euro on Tuesday. The forint posted the largest gains (0.4 %) when the EUR/HUF pair breached a support at EUR/HUF 309.0 to hit a five-day high. Once again, the currencies ignored changes proceeding in Ukraine (unlike the hryvnia that hit the new all-time low against both the dollar and the euro) as well as rising political tensions in Romania. In Bucharest, a junior government party, National-Liberals, decided to leave the coalition with senior Social-Democrats yesterday, mainly due to disagreement with government’s personal policy. Meanwhile, the zloty gained about 0.1 % and the marginally strengthening koruna approached a three month high.