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Hungary's forint plunges to record low, bond yields jump

(Updates with market moves, Hungarian bond yields) By Luiza Ilie and Anita Komuves BUCHAREST/BUDAPEST, July 5 (Reuters) - The Hungarian forint plunged to a record low on Tuesday while long-term government bond yields jumped as global fears of recession and a firming dollar added to local concerns about a high budget deficit and a row with the Europ
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Recession fears drive EM currencies to 20-month lows

* Euro-linked currencies sink * MSCI EM FX index lowest since Nov 2020 * Forint hits record low vs euro By Sruthi Shankar and Devik Jain July 5 (Reuters) - Emerging market currencies sank to their lowest in 20 months on Tuesday as the dollar stood tall amid growing worries of a recession, with a surge in European gas prices hammering markets in cen
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Hungary's forint hits record low, stocks weaken

BUCHAREST, July 5 (Reuters) - Central European shares tracked European indexes lower on Tuesday, driven by increasing concerns of recession, while the Hungarian forint hit a record low against the euro. Elsewhere in the region, Polish and Romanian central bankers are expected to hike their benchmark interest rates this week, but their currencies we
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Hungary's forint extends losses in thin market, underperforms region

By Anita Komuves BUDAPEST, July 4 (Reuters) - The Hungarian forint eased on Monday in low liquidity, underperforming regional peers, as it was under pressure by a series of factors including high inflation and a lack of agreement with the European Union over recovery funds. "There is little interest in the forint today as U.S. markets will stay clo
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Steady dollar casts shadow on EM currencies as growth fears persist

* Dollar up on safe-have appeal * Indian rupee cracks 79 per dollar * Taiwan stocks suffer sharp losses By Sruthi Shankar July 1 (Reuters) - A firm dollar put pressure on emerging market currencies and stocks at the start of a new quarter on Friday as disappointing economic data from across the world cemented fears of a global recession. Soaring in
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Forint leads losses as uncertainty over EU deal weighs

By Anita Komuves BUDAPEST, July 1 (Reuters) - Hungary's forint led losses among its peers on Friday, and neared a record low touched this month, on worries over a lack of an agreement between Hungary and the European Union over pandemic recovery funds. Markets are seeing low liquidity, with some investors taking profit ahead of an upcoming long wee
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Rough quarter for EM currencies, stocks even as China steadies

* Chinese stocks buck global gloom * EM stocks, FX suffer sharp quarterly losses * Commodity-linked assets buoyed in quarter By Sruthi Shankar and Devik Jain June 30 (Reuters) - Emerging market currencies and stocks on Thursday were set for their worst quarterly performances since the pandemic-driven crash in early 2020 as investors feared about sk
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Forint pares gains as cenbank raises inflation forecast

By Anita Komuves BUDAPEST, June 30 (Reuters) - The Hungarian forint weakened on Thursday, but it held on to most of its significant gains from the previous sessions as the central bank raised its one-week deposit rate by 50 basis points. The forint EURHUF= slid 0.58% to 396.7 per euro on Thursday, but still trading about 2% stronger than on Monday
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Forint climbs further away from record low after shock rate hike

PRAGUE, June 29 (Reuters) - Hungary's forint climbed further on Wednesday from a record low after a shock 185-basis-point interest rate hike, leading central European currencies higher. The forint EURHUF= had gained 0.33% on the day by 0814 GMT to trade at 396.0 to the euro, significantly above an all-time low of 404.50 hit this week. The forint ha
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Hungary's forint jumps on bumper rate hike, Chilean peso rallies off record lows

* Hungary hikes interest rate by 185 bps * Chile's peso set for best session since Nov. 2019 * Colombian peso tracks oil prices higher * Latam stocks join rally on China's COVID-19 cheer By Susan Mathew June 28 (Reuters) - Hungary's forint surged 1% on Tuesday after its key interest rate was hiked by a much bigger-than-expected 185 basis points, wh
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China brings relief but oil sends Indian rupee to record low

* Indian rupee skids to record low * China's COVID relief lifts stocks * Hungary rate decision due later on Tues By Sruthi Shankar June 28 (Reuters) - News that China is easing COVID-19 restrictions lightened mood across emerging markets on Tuesday, although a rebound in oil prices sent importers of the commodity such as Indian rupee to a record lo
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Forint firms, Hungarian yields rise as markets await fresh rate hike

By Krisztina Than BUDAPEST, June 28 (Reuters) - The forint EURHUF= regained some ground on Tuesday while government bond yields edged higher ahead of a Hungarian central bank meeting where it is expected to hike interest rates further in a bid to curb surging inflation. The forint hit a record low at 404.50 versus the euro on Monday, decoupling fro
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Forint hits record low as markets eye c.bank meeting

By Alan Charlish and Gergely Szakacs WARSAW, June 27 (Reuters) - The Hungarian forint EURHUF= hit a record low on Monday, ahead of a central bank meeting on Tuesday at which policymakers are expected to stick to a 50-basis-point pace of tightening despite inflation expected to surge to a 24-year high. The forint has been central and eastern Europe'
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FX softens as markets fret over global growth

By Alan Charlish WARSAW, June 24 (Reuters) - Central European currencies were mostly a touch weaker on Friday, at the end of a week in which fears that aggressive monetary policy tightening could tip the global economy into recession weighed on foreign exchange markets. The region's rate-setters embarked on a tightening cycle last year to tame some
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Forint bears the brunt as FX fall under pressure

PRAGUE, June 23 (Reuters) - Hungary's forint lost 0.7% on Thursday as central Europe's currencies fell under more pressure and shares in the region sagged as investor sentiment soured, amid global recession worries and aggressive U.S. rate hikes. The forint was the main mover, coming after Hungary's central bank kept its one-week deposit rate uncha
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Crown eases after widely expected cenbank rate hike

(Updates with Czech rate hike, market reaction) By Anita Komuves BUDAPEST, June 22 (Reuters) - The Czech crown eased on Wednesday after the central bank raised the key two-week repo rate by 125 basis points to 7%, continuing its year-long hiking cycle in an attempt to curb soaring inflation. The crown EURCZK= slid after the decision and was trading
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Czech central bank chief bids farewell with 125-bps rate hike

* Central bank delivers 125 bps hike * Borrowing costs at 23-year high, inflation fastest in 29 years * Bank says FX interventions a supplementary policy tool * Rate hike may be last as incoming governor pledges stability By Jan Lopatka PRAGUE, June 22 (Reuters) - The Czech National Bank delivered one of the biggest interest rate hikes of its year-
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Crown stable as markets expect another hefty rate hike

By Anita Komuves BUDAPEST, June 22 (Reuters) - Most central European currencies were steady on Wednesday ahead of a meeting of the Czech National Bank where policymakers are widely expected to deliver another hefty rate hike in an attempt to curb rapid inflation. The crown EURCZK= edged 0.03% lower to 24.697 per euro ahead of the meeting where a Re
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FX, stocks lifted by global risk-on mood

By Anita Komuves BUDAPEST, June 21 (Reuters) - Central European currencies and stocks gained on Tuesday as the dollar eased and risk appetite returned to markets after last week's turmoil, when investors were concerned about aggressive interest rate hikes and risks of a global recession. "CEE currencies strengthened today .... The firming moves coi
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Czech utility company CEZ gains on ministry's dividend counter-proposal

By Anita Komuves BUDAPEST, June 20 (Reuters) - Shares in Czech majority state-owned utility company CEZ rose more than 2% on Monday, outpacing gains in the wider Prague index, after the finance ministry submitted a counter-proposal on dividend ahead of a June 28 general shareholder meeting. CEZ's shares were up 2.29% by 0914 GMT, and have gained 89
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