Forex - Emerging Europe Closing Summary and Highlights 11 Feb


 16:24 (GMT) 11 Feb

  [Forex Highlights]

Sample Premium Content
Emerging Europe Closing Summary and Highlights 11 Feb (0101-JBZP-C01)

HUNGARY

While Hungarian government bond yields rose by 3-4bps across the curve on Monday, the forint weakened slightly amid uncertainty around the U.S.-China trade talks with the EUR/HUF briefly rising to 320.05.

RUSSIA

Most Russian government bonds were generally stable on Monday but the ruble depreciated against the broadly stronger U.S. dollar with the USD/RUB temporarily rising to 65.8972, erasing gains registered late last Friday after Moody's upgraded Russia's rating to Baa3 from Ba1.

SOUTH AFRICA

While most South African government bond yields rose by up to 14bps on Monday, the rand extended its losses with the USD/ZAR briefly climbing to 13.7955 after it surpassed the key 13.7216 resistance level. The currency was hurt by the U.S. dollar's broad-based appreciation, aggravated by twice bigger rotational power cuts by Eskom than on Sunday.

TURKEY

The 2-year Turkish government bond yield rose by 6bps on Monday to 17.88% and the lira suffered against the broadly stronger U.S. dollar, with the USD/TRY temporarily increasing to 5.2854.


CurrenciesCountriesMarket Bulletins

Latest Currency Analysis

Available to subscribers only
Order Now