Central European currencies stabilize after sharp falls as markets eye Fed policy meeting

Central Europe's currencies have settled after recent sharp falls as markets adjust to monetary easing in the region.
Attention is turning to the U.S. Federal Reserve policy meeting this week, where officials are expected to hold rates steady for now.
The Czech crown, Hungarian forint, and Polish zloty are down since surprise rate cuts in Poland and Hungary.
On stock markets, Czech gunmaker Colt's shares fell after a cautious outlook.
Markets are waiting for the Fed's decision for further stabilization in central Europe FX.

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Relevant topic timeline:

8/28/2023

Dollar soft as investors digest 'higher for longer' path

The US dollar eased from a 12-week peak as traders assessed the US monetary path following Federal Reserve Chair Jerome Powell's comments on further interest rate increases, while the yen remained close to its lowest level in over nine months.

9/4/2023

Dollar eases as traders bet Fed is done with rate rises

The U.S. dollar drifted in cautious trading as investors considered U.S. jobs data that indicated a potential slowdown, suggesting that the Federal Reserve may be nearing the end of its monetary tightening cycle.

9/6/2023

Europe faces dirtier inflation fight than US

Europe's struggle with inflation and economic growth contrasts with the United States, as the European Central Bank's aggressive tightening risks pushing the euro zone into a downturn, with the manufacturing and services sectors already showing signs of contraction.

9/8/2023

Central Banks Walk Tightrope as Economic Growth Slows and Inflation Pressures Ease

The European Central Bank faces a difficult decision on whether or not to hike rates as the economy slows, while the US releases inflation numbers and rising oil prices create concerns about price pressures.

9/21/2023

Global Markets Cautious Ahead of Key Central Bank Meetings; Analysts Bullish on Chinese Tech and Small Caps

European markets are poised to open lower due to upcoming interest rate decisions from several central banks, while global markets react to the U.S. Federal Reserve's announcement to hold interest rates steady and raise economic growth expectations.

9/21/2023

Peak of Global Rate Hikes May Be Over As Inflation Cools and Economies Slow

Central banks around the world may have reached the peak of interest rate hikes in their effort to control inflation, as data suggests that major economies have turned a corner on price rises and core inflation is declining in the US, UK, and EU. However, central banks remain cautious and warn that rates may need to remain high for a longer duration, and that oil price rallies could lead to another spike in inflation. Overall, economists believe that the global monetary policy tightening cycle is nearing its end, with many central banks expected to cut interest rates in the coming year.

9/25/2023

US Debt Surge Raises Concerns of Slowed Growth and Dollar Decline

The US economy's growing debt and slow growth may lead to a "long, slow grind," while regional blocs in Asia and Europe pose a threat to the dollar's status as the global currency.

10/2/2023

Ukraine Central Bank to Ease Currency Peg, Moving Toward More Flexible Exchange Rate

Ukraine's central bank has announced plans to introduce a more flexible exchange rate, easing the official peg it has maintained throughout the war with Russia, in an effort to boost the economy and aid recovery.

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Posted 9/19/2023, 10:45:00 AM

Central European currencies stabilize after sharp falls as markets eye Fed policy meeting

Central Europe's currencies have settled after recent sharp falls as markets adjust to monetary easing in the region.
Attention is turning to the U.S. Federal Reserve policy meeting this week, where officials are expected to hold rates steady for now.
The Czech crown, Hungarian forint, and Polish zloty are down since surprise rate cuts in Poland and Hungary.
On stock markets, Czech gunmaker Colt's shares fell after a cautious outlook.
Markets are waiting for the Fed's decision for further stabilization in central Europe FX.

nasdaq.com

Relevant topic timeline:

8/28/2023

Dollar soft as investors digest 'higher for longer' path

9/4/2023

Dollar eases as traders bet Fed is done with rate rises

9/6/2023

Europe faces dirtier inflation fight than US

9/8/2023

Central Banks Walk Tightrope as Economic Growth Slows and Inflation Pressures Ease

9/21/2023

Global Markets Cautious Ahead of Key Central Bank Meetings; Analysts Bullish on Chinese Tech and Small Caps

9/21/2023

Peak of Global Rate Hikes May Be Over As Inflation Cools and Economies Slow

9/25/2023

US Debt Surge Raises Concerns of Slowed Growth and Dollar Decline

The US economy's growing debt and slow growth may lead to a "long, slow grind," while regional blocs in Asia and Europe pose a threat to the dollar's status as the global currency.

10/2/2023

Ukraine Central Bank to Ease Currency Peg, Moving Toward More Flexible Exchange Rate