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Currencies, stocks drift ahead of Fed policy announcement

pressure due to a rise in novel coronavirus cases.

The Czech Republic’s daily count of new coronavirus cases

rose to 1,677 on Tuesday, the highest on record. The country has

seen one of Europe’s largest surges in new coronavirus cases in

recent weeks.

“Sentiment remains poor in view of the current situation

with coronavirus,” Komercni Banka said in a morning note.

The Czech central bank’s Vice-Governor Tomas Nidetzky told

Bloomberg that the quickening spread of COVID-19 was making the

central bank’s regular forecast seem “rather optimistic.”

Nidetzky also said that the bank should keep its benchmark

rate steady just above zero for at least a year before

considering any tightening.

CEE SNAPSHO AT

MARKETS T 1100 CET

CURRENC

IES

Latest Previous Daily Change

bid close change in 2020

EURCZK=Czech

EURHUF=Hungary0

EURPLN=Polish%

EURRON=Romanian

EURHRK=Croatian

EURRSD=Serbian0 %

Note: calculated from 1800

daily CET

change

Latest Previous Daily Change

close change in 2020

.PX Prague 898.84 898.3300 +0.06 -19.43%

%

.BUX Budapest 34214.8 34248.86 -0.10% -25.75%

.WIG20 Warsaw 1743.00 1743.93 -0.05% -18.93%

.BETI Buchares 9305.20 9401.96 -1.03% -6.74%

t

.SBITOP Ljubljan <.sbitop a> %

.CRBEX Zagreb 1614.80 1617.08 -0.14% -19.96%

.BELEX1 Belgrade <.belex1>

.SOFIX Sofia 429.63 430.66 -0.24% -24.38%

Yield Yield Spread Daily

(bid) change vs change

Bund in

Czech spread

Republic

CZ2YT=R 2-yearps

CZ5YT=R 5-yearps

CZ10YT=ps

Poland

PL2YT=R 2-yearps

PL5YT=R 5-yearps

PL10YT=ps

FORWARD

3×6 6×9 9×12 3M

interba

nk

Czech 0.35 0.35 0.38 0.34

Rep

Hungary 0.74 0.78 0.82 0.63

Poland 0.23 0.20 0.20 0.23

Note: are for ask

FRA prices

quotes

(Additional reporting by Jason Hovet in Prague; editing by

Emelia Sithole-Matarise)

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