Currencies flat, crown dips as diplomatic row with Russia escalates
By Anita Komuves
BUDAPEST, April 19 (Reuters) - Most Central European currencies were flat on Monday, while the Czech crown edged lower as diplomatic tensions between Russia and the Czech Republic escalated.
The Czech Republic on Saturday expelled 18 Russian diplomats after saying that two alleged Russian spies were behind a deadly explosion at a Czech ammunition depot in 2014. As a response, Russia on Sunday expelled 20 Czech diplomats.
The Czech crown EURCZK= edged down 0.12% to trade at 25.935 versus the euro, showing little reaction to the diplomatic row that has added to western tensions with Russia.
The Russian rouble dipped amid concerns over Western sanctions against the country.
In Hungary, the forint EURHUF= edged up 0.06% to 361.25 to the euro, keeping stable after underperforming the region on Friday.
The forint slid more than 1% last week as the currency weakened in a correction after weeks of steady gains and as investors unwound short zloty positions, which caused a flow in the zloty-forint trade on Friday, traders said.
"This level around 360 seems realistic now, there was no reason for the forint to strenghten further. Neither the fundamentals, nor the technical picture supported that," a Budapest-based trader said.
Elsewhere, the Polish zloty EURPLN= was unmoved. The Romanian leu EURRON= ticked up 0.02% to 4.9265 per euro as the government
Ratings agency Standard & Poor's upgraded Romania's outlook to 'Stable' from 'Negative' on Friday while keeping its sovereign rating on the lowest investment grade saying it viewed the centrist government's fiscal consolidation agenda as credible.
Most stock markets in the region gained, tracking markets in Europe and elsewhere as world shares traded near record highs on pandemic recovery hopes.
Warsaw .WIG20 led gains by adding 1% while Prague .PX was 0.27% higher and Bucharest .BETI gained 0.3%. Budapest .BUX slid 0.26%.
Latest Previous Daily Change
change in 2021 EURCZK= Czech
<EURCZK= 25.9350 25.9050 -0.12% +1.13%
EURHUF= Hungary <EURHUF= 361.250 361.4500 +0.06 +0.41%
% EURPLN= Polish
4.5485 +0.00 +0.24%
% EURRON= Romanian <EURRON= 4.9265
4.9270 +0.01 -1.25%
% EURHRK= Croatian <EURHRK= 7.5680
7.5695 +0.02 -0.27%
% EURRSD= Serbian <EURRSD= 117.400 117.6000 +0.17 +0.14%
Latest Previous Daily Change
change in 2021 .PX
1106.76 1103.780 +0.27 +7.75%
42885.7 42997.61 -0.26% +1.85%
.WIG20 2033.27 2012.27 +1.04 +2.48%
11180.8 11147.32 +0.30 +14.03
% .SBITOP Ljubljan <.SBITOP 1047.47 1045.54 +0.18 +16.28
% .CRBEX Zagreb
.CRBEX 1879.27 1878.67 +0.03 +8.05%
% .BELEX1 Belgrade <.BELEX1 764.77
761.70 +0.40 +2.16% 5
% .SOFIX Sofia
513.66 +0.35 +15.17
2-year <CZ2YT=R 0.6840
5-year <CZ5YT=R 1.4190 -0.0440 +203b
<CZ10YT= 1.8490 -0.0340 +212b
2-year <PL2YT=R 0.0940 -0.0070 +078b
5-year <PL5YT=R 0.7790 -0.0160 +139b
<PL10YT= 1.4790 -0.0020 +175b
are for ask
Additional reporting by Jason Hovet in Prague; Editing by Rashmi Aich
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