28 května 2009

28/5 CEE currencies today

EURPLN tested 4,50 this morning, but rejected just below this level. Polish central bank holds interest rates unchanged (as expected) at 3,75%. But they decreased the reguired minimum reserves of banks from 3,5% to 3,0%.

HUF was also hit by this regional movement toward 286 level. The most stable currency in region is still CZK bouncing between 26,500 - 27,000 level.

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