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Forint recoups some losses, markets eye U.S. jobs data

By Anita Komuves BUDAPEST, Dec 2 (Reuters) - The Hungarian forint and the Polish zloty gained on Friday as the U.S. dollar weakened and investors awaited key jobs data from the world's biggest economy due later in the day. U.S. Federal Reserve Chairman Jerome Powell said on Wednesday that it was time to slow rate hikes. The dollar was trading near 16-week lows against a basket of major currencies on Friday ahead of the data release.
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Currencies inch higher ahead of U.S. jobs data, S.Africa rand steadies

* S.Africa ANC chair denies Ramaphosa considering resigning * MSCI EMFX index set to end week higher * Dollar edges lower ahead of U.S. jobs data By Shreyashi Sanyal Dec 2 (Reuters) - Emerging market currencies edged higher on Friday against a shaky dollar as investors await U.S. jobs data, while South Africa's rand steadied after the country's ruling party denied President Cyril Ramaphosa was considering resigning.
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Hungarian forint weakens as markets weigh EU funds decision

By Anita Komuves BUDAPEST, Dec 1 (Reuters) - Hungary's forint extended losses on Thursday from the previous session when the European Commission approved Hungary's pandemic recovery plan, but moved to freeze funds until Budapest fulfils all agreed conditions. The EU executive also asked European Union governments to freeze 7.5 billion euros that Hungary, in a long-drawn rule-of-law dispute with Brussels on issues including independence of the judiciary, corruption and media freedom, would normal
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FX hits highest level since August on bets of Fed, China's COVID policy pivots

* Dollar tumbles as Powell says Fed to go slow * S.African rand down after panel findings against president * China's factory activity shrinks amid COVID curbs - Caixin PMI * Polish manufacturing slump drags on -PMI * Turkish factory activity contracts for 9th straight month - PMI By Bansari Mayur Kamdar Dec 1 (Reuters) - Currencies in emerging markets hit their highest level since late August on Thursday tracking global markets and weakness in the dollar after U.S.
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Hungary's forint, bond yields find support after EU funds announcement

(Updates with announcement on EU funds, market reaction, trader comment) By Anita Komuves and Alan Charlish BUDAPEST/WARSAW, Nov 30 (Reuters) - The Hungarian forint steadied on Wednesday after the European Commission approved Hungary's post-pandemic recovery plan but said that it will hold back any payouts until Budapest fulfils all agreed conditions.
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EU approves Hungary's recovery plan, but withholds cash, moves to freeze other funds

* Hungary must fulfil 27 'super milestones' to get recovery cash * Corruption, rule of law must be tackled also for other EU funds * Recovery plan approval prevents irrevocable loss of funds By Jan Strupczewski BRUSSELS, Nov 30 (Reuters) - The European Commission approved on Wednesday Hungary's post-pandemic recovery plan but said Budapest would not receive any payments - worth a total 5.8 billion euros - until it implements reforms to bolster judicial independence and tackle corruption.
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EU approves Hungary's recovery plan, but holds cash, moves to freeze other funds

BRUSSELS, Nov 30 (Reuters) - The European Commission approved on Wednesday Hungary's post-pandemic recovery plan to keep open the possibility of EU disbursements later, but will hold back any payouts from the 5.8 billion euro total until Budapest fulfils all agreed conditions. Separately, the EU executive also asked EU governments to freeze 7.5 billion euros that Hungary would normally be getting from the EU budget as part of the funds the EU transfers to its poorer member to equalise standards
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Stocks set for best monthly performance since 2009

* Hungarian forint down with EU funds in focus * EM stocks up 1.3%, FX adds 0.3% * Dollar heads for biggest monthly loss since 2010 * Turkey's economy grew 3.9% in cooler Q3 By Bansari Mayur Kamdar Nov 30 (Reuters) - Emerging market stocks were set to post the best month since May 2009, while currencies were on track to snap a five-month losing streak as the dollar weakened in November amid bets the U.S.
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Hungary's forint slides with market focus on EU funds

By Anita Komuves and Alan Charlish BUDAPEST/WARSAW, Nov 30 (Reuters) - The Hungarian forint EURHUF= slipped on Wednesday, as investors stayed on the sidelines ahead of an announcement from the European Commission due later in the day on EU funds earmarked for the country. Concerns over European Union funds have been a risk for the forint this year, while Hungary and the EU executive have been locked in rule-of-law disputes.
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Hungarian forint cools as EU funds stay in focus

PRAGUE, Nov 29 (Reuters) - The Hungarian forint cooled on Tuesday after gains in the past two sessions, but held near a one-week high as markets maintained expectations Budapest can unlock some EU funds in the coming weeks. Concerns over European Union funds have been one of the big risks for the forint this year while Hungary and the EU executive have been locked in rule-of-law disputes.
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Hungarian forint firms as concerns over EU funds ease

By Anita Komuves BUDAPEST, Nov 28 (Reuters) - The Hungarian forint firmed slightly on Monday, adding to its gains from the previous session, as investors' concerns over negotiations between Hungary and the European Union over funds subsided. The forint EURHUF= was up 0.21% and trading at 408.10 versus the euro. Last week, the Hungarian currency was on a rollercoaster and fell as much as 415 as the unit was weighed down by media reports that the European Commission was going to withhold funding f
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Stocks, FX slide as rare China protests raise global growth concerns

* China's COVID protests roil global sentiment * Hungarian business confidence worsens in November - GKI survey * Oil prices slide on demand worries, weigh on Russian stocks, rouble * EM stocks down 1.1%, currencies off 0.4% By Bansari Mayur Kamdar Nov 28 (Reuters) - Emerging market stocks tumbled on Monday as worries about protests against COVID curbs in the world's second-largest economy weighed on global investor sentiment and currencies in the region weakened against a stronger dollar.
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Stocks slip on growth concerns; China's yuan slips as key rate eased

(Updates after China cuts RRR) By Susan Mathew Nov 25 (Reuters) - Emerging market stocks fell on Friday on mounting worries about economic growth, while China's yuan hit session lows after the central bank cut a key rate, freeing up about $70 billion for banks as it seeks to stimulate a slowing economy. The People's Bank of China (PBOC) said it would cut the reserve requirement ratio, or the amount of cash that banks must hold as reserves, by 25 basis points, effective from Dec.
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Stocks slip on growth concerns, set to end week flat

By Susan Mathew Nov 25 (Reuters) - Emerging market stocks fell on Friday on mounting worries about economic growth, while a less-hawkish rhetoric from the U.S. Federal Reserve dulled the dollar and put an index of risky currencies on course for a weekly gain. MSCI's index of emerging market shares .MSCIEF fell 0.3%, set to end the week flat, as most major bourses in the emerging market universe fell.
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Currencies move sideways as weaker dollar, EU funds in view

By Alan Charlish WARSAW, Nov 25 (Reuters) - Central European currencies were hovering close to recent levels in thin trade on Friday as investors eyed a weakening dollar and worries over European Union funding in Hungary in a market that remained subdued due to a holiday in the United States. The greenback stood close to a three-month low and was headed for a weekly loss as the prospect of the Federal Reserve slowing monetary policy tightening as soon as December preoccupied investors.
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Lira hits record low, rand pares gains after c.bank decisions

By Susan Mathew Nov 24 (Reuters) - Turkey's lira hit record lows and South Africa's rand pared gains on Thursday following central bank decisions, while most other emerging market currencies firmed as the dollar slipped following less-hawkish signals form the U.S. Federal reserve. South Africa's main lending rate was raised by 75 basis points to 7%, but the central bank lowered its growth forecast for the year saying fourth quarter growth will be impacted by power cuts as coal-fire state power u
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Forint slides on EU funding fears

By Alan Charlish WARSAW, Nov 24 (Reuters) - The Hungarian forint EURHUF= weakened on Thursday after media reports that the European Commission was going to withhold funding for Budapest due to concerns over the rule of law. On Wednesday, German paper Frankfurter Allgemeine Zeitung reported citing unnamed sources that European Commission officials have concluded that Hungary has not sufficiently fulfilled its promises on the fight against corruption and will recommend 7.5 billion euros be earmark
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Brazil's real, stocks fall on fiscal jitters; other Latam FX rise as dollar slides

(Updates prices) By Susan Mathew and Devik Jain Nov 23 (Reuters) - Brazil's real fell on Wednesday as inevestors worried about the country's fiscal policy and after President Jair Bolsonaro challenged presidential elections he lost, while a weaker dollar boosted other Latin American currencies. The real BRL= lost 0.3%, extending Tuesday's losses against a weaker dollar in volatile trading after Bolsonaro argued votes from some machines in last election should be "invalidated".
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Brazil currency, stocks underperform on political jitters

By Susan Mathew Nov 23 (Reuters) - Brazil's real underperformed Latin American peers on Wednesday on political jitters after President Jair Bolsonaro challenged presidential elections that he lost to leftist rival Luiz Inacio Lula da Silva. The real BRBY BRL= lost 0.1%, extending Tuesday's losses against a weaker dollar after Bolsonaro argued votes from some machines in last month's election should be "invalidated" in a complaint that election authorities met with initial skepticism.
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Forint plunges, bond yields rise as investor nerves tested on EU funds

(Updates with forint and bond market moves, trader comments) By Anita Komuves BUDAPEST, Nov 23 (Reuters) - The Hungarian forint weakened on Wednesday while bond yields rose on a German media report, which said the European Commission could recommend that member states freeze 7.5 billion euros from three cohesion programs earmarked for Hungary. The currency EURHUF= gave up gains from earlier in the day and was down 0.56% on the day and trading at 409.20 per euro by 1402 GMT.
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