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Stocks rise, FX flat as dollar firms ahead of key inflation test

EMERGING MARKETS-Stocks rise, FX flat as dollar firms ahead of key inflation test There will be no EMEA-focused emerging markets report on Friday and Monday on account of Good Friday and Easter. Reuters will resume coverage on Tuesday, April 2. Pakistan share index hits record high, IMF cheer continues Turkey's local poll due on Sunday South Africa sees smaller FDI inflows in Q4 By Ankika Biswas March 28 (Reuters) - Emerging market stocks climbed on the last trading day of a holiday-shortened we
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Shortage of profitable currencies may see investors favour a select few

BUZZ-COMMENT-Shortage of profitable currencies may see investors favour a select few March 27 (Reuters) - There is a shortage of currencies that investors can purchase to profit at a stage when the lack of movement across FX markets favours those that are higher-yielding. There could be a lot of demand for a few currencies with their resulting rises exacerbated by the lack of supply, and the fact that all of these are emerging currencies and therefore not that liquid.
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Forint firms as rate cut pace slows, Prague stocks highest since mid-2008

CEE MARKETS-Forint firms as rate cut pace slows, Prague stocks highest since mid-2008 WARSAW, March 27 (Reuters) - The Hungarian forint firmed further on Wednesday after the country's central bank signalled a slower pace of rate cuts, while Prague's stock index hit its highest since mid-2008. The National Bank of Hungary (NBH) cut its base rate by 75 basis points to 8.25% on Tuesday.
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Stocks, FX drop on US policy uncertainty and Chinese outflows

EMERGING MARKETS-Stocks, FX drop on US policy uncertainty and Chinese outflows Foreign investors sell 7.2 bln yuan Chinese shares South Africa rate decision due Gulf stock markets fall as oil prices decline By Ankika Biswas March 27 (Reuters) - Emerging market stocks and currencies indexes fell on Wednesday, as investors continued their hunt for clues on the outlook for U.S.
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Latam currencies mixed; Nigeria eurobonds rise after rate hike

EMERGING MARKETS-Latam currencies mixed; Nigeria eurobonds rise after rate hike Brazil consumer prices up in mid-March, annual inflation slows Peru economy likely grew 2-3% in February - minister FX flat, stocks up 0.3% By Ankika Biswas March 26 (Reuters) - Latin American currencies were mixed against a frail dollar on Tuesday, while Nigeria's sovereign international dollar bonds rose following a 200 basis-point rate hike and the Hungarian forint extended gains after an expected 75-bps rate cut.
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Hungary central bank slows rate cut pace after forint falls

UPDATE 2-Hungary central bank slows rate cut pace after forint falls Updates with policy statement, news conference, adds analyst comment Bank cuts base rate to 8.25%, as expected Pace of rate cuts to slow from Q2 Forint is central Europe's worst-performing currency By Gergely Szakacs and Krisztina Than BUDAPEST, March 26 (Reuters) - Hungary's central bank cut its base rate by 75 basis points to 8.25% on Tuesday, as expected, slowing the pace of rate cuts after the forint fell to a one-year low,
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Forint firms ahead of cenbank rate meeting

CEE MARKETS-Forint firms ahead of cenbank rate meeting By Anita Komuves BUDAPEST, March 26 (Reuters) - Hungary's forint was a touch stronger on Tuesday ahead of a central bank meeting where most analysts expect the bank to cut its base rate by 75 basis points as policymakers revert to a slower pace of easing. The forint EURHUF= was 0.25% stronger on the day, trading at 396.3 per euro ahead of the decision of the National Bank of Hungary (NBH) due to be announced at 1300 GMT.
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Hungary delays central bank law change until autumn, minister says

UPDATE 1-Hungary delays central bank law change until autumn, minister says Government aims to boost oversight of bank's finances Bank has resisted law change, citing independence concerns Forint pressured by standoff ahead of Tuesday rate meeting Adds detail, more comments By Gergely Szakacs BUDAPEST, March 25 (Reuters) - H ungary is likely to submit a law amending central bank regulations to parliament in the autumn, its economy minister said on Monday, delaying changes that have pushed the fo
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FX up, with forint seeking firmer ground before Hungarian rate call

CEE MARKETS-FX up, with forint seeking firmer ground before Hungarian rate call PRAGUE, March 25 (Reuters) - Central Europe's main currencies pushed higher on Monday, with the forint looking for stronger levels before a Hungarian interest rate decision this week. Eyes will be on Hungary's central bank on Tuesday, when analysts expect policymakers to revert back to a slower pace of policy easing after the forint fell to one-year lows.
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Stocks, FX subdued as US inflation data on watch; Senegal bonds fall

EMERGING MARKETS-Stocks, FX subdued as US inflation data on watch; Senegal bonds fall China's yuan recovers from four-month low Ghana feels pinch from low cocoa output; rate decision due Offshore investors sell South African stocks and bonds By Ankika Biswas March 25 (Reuters) - Emerging market assets were muted on Monday, with investors gearing up for a key U.S.
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Hungarian central bank seen reverting to 75-bps rate cut pace

POLL-Hungarian central bank seen reverting to 75-bps rate cut pace reuters://realtime/verb=Open/url=cpurl://apps.cp./Apps/cb-polls?s=GCR01+46+D&st=Menu+G+C Reuters Hungary central bank rate forecasts reuters://realtime/verb=Open/url=cpurl://apps.cp./Apps/econ-polls?RIC=HUCPIAP Reuters Hungary average inflation forecasts reuters://realtime/verb=Open/url=cpurl://apps.cp./Apps/econ-polls?RIC=HUGDPAP Reuters Hungary GDP forecasts By Gergely Szakacs and Anita Komuves BUDAPEST, March 22 (Reuters) - Hu
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FX slips as markets eye dollar, Hungarian rates

CEE MARKETS-FX slips as markets eye dollar, Hungarian rates By Alan Charlish WARSAW, March 22 (Reuters) - Central European currencies were weaker on Friday as a strong dollar weighed on the region, with the Hungarian forint EURHUF= underperforming as traders nervously eyed an interest rate decision next week. Although the U.S. Federal Reserve's decision this week to stick to its projection of three rate cuts this year turned out to be more dovish than some had expected and sent the dollar fallin
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FX, stocks muted on US policy caution; Pakistan dollar bonds climb

EMERGING MARKETS-FX, stocks muted on US policy caution; Pakistan dollar bonds climb China leaves benchmark lending rates unchanged, as expected Indonesia c.bank stands pat on rates, focus on rupiah stability South Africa consumer inflation rises in Feb By Ankika Biswas March 20 (Reuters) - Emerging market assets were listless on Wednesday as investors stayed on the sideline ahead of central bank policy decisions including the Federal Reserve, while Pakistan's dollar bonds gained on the IMF's pro
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Currencies ease as markets focus on cenbank meetings

CEE MARKETS-Currencies ease as markets focus on cenbank meetings By Anita Komuves BUDAPEST, March 20 (Reuters) - The Czech crown slipped on Wednesday ahead of a central bank meeting later in the day where rate setters are expected to maintain the bank's easing pace as inflation has returned to the target range. The crown EURCZK= was 0.11% lower on the day, trading at 25.29 per euro ahead of the decision of the Czech National Bank where a Reuters poll of analysts expects another 50 basis points r
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Ascending dollar may rise 5% this year, perhaps more

BUZZ-COMMENT-Ascending dollar may rise 5% this year, perhaps more March 20 (Reuters) - Following a correction and consolidation period the dollar is rising again, resuming a trend that began in 2011 which has led to a rough 30% rise in its value. With far less longs to restrain its rise, and higher interest rates to support it , the dollar could easily gain another 5%, perhaps more.
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Fed's influence on risk more important than dollar

BUZZ-COMMENT-Fed's influence on risk more important than dollar March 19 (Reuters) - The Federal Reserve's influence on risk taking is more important that what it may do for the dollar. Regardless of its extent, the expected easing cycle is set to support rallies seen for riskier assets this year. This will feed back into quietening FX markets to support demand for carry trades which will underpin currencies that are backed by higher interest rates, while weighing on those undermined by low inte
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Central European currencies await result of Fed meeting

CEE MARKETS-Central European currencies await result of Fed meeting WARSAW, March 19 (Reuters) - Most central European currencies traded slightly lower on Tuesday, awaiting a U.S. Federal Reserve meeting which may influence the valuation of the dollar. Traders were also keeping an eye on a Czech central bank policy announcement on Wednesday. The Czech crown and Hungarian forint have fallen this year as their central banks cut rates in a continuing easing cycle though they have regained ground in
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FX start week lower together after recent divergence

CEE MARKETS-FX start week lower together after recent divergence PRAGUE, March 18 (Reuters) - Central Europe's currencies mostly weakened on Monday, moving in the same direction after largely diverging so far in 2024, amid caution before a U.S. Federal Reserve meeting this week along with expectations of a further Czech interest rate cut. The Czech crown and Hungarian forint have fallen this year as their central banks cut rates in a continuing easing cycle - though they have regained ground in
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Hungary's government promises to consult central bank on planned law change

UPDATE 1-Hungary's government promises to consult central bank on planned law change Adds background, context BUDAPEST, March 14 (Reuters) - Hungary's government will conduct talks with the central bank about legal changes that would widen the responsibilities of the bank's supervisory board before submitting the bill to parliament, Finance Minister Mihaly Varga said on Thursday.
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Forint rebounds after Hungary's govt holds up central bank law

CEE MARKETS-Forint rebounds after Hungary's govt holds up central bank law By Boldizsar Gyori BUDAPEST, March 14 (Reuters) - The forint jumped on Thursday, rebounding from near its one-year lows reached this week, after reports Hungary's government would rethink planned changes to the country's central bank law. The planned amendment to the central bank law, which the government said would boost transparency, has triggered criticism by the National Bank of Hungary, according to which it could er
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