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CEE MARKETS-FX retreats as dollar consolidates gains, eyes on Fed

Mount Equity Group Tokyo, Japan > News > Markets > CEE MARKETS-FX retreats as dollar consolidates gains, eyes on Fed

By Radu-Sorin Marinas BUCHAREST, June 14 (Reuters) – Central European currencies slipped on Monday, with the forint leading regional losses against the euro and the Czech crown retreating from last week’s 15 month-highs, mirroring the euro’s moves against a firming U.S. dollar. By 0850 GMT, the Hungarian forint eased 0.6% to 350.2 against the euro, followed by the Czech crown trading at 25.4350, 0.28% down on the day. The Romanian leu was flat at 4.9190 and the zloty traded 0.2% softer at 4.5015. “Although bets on a rise in interest rates can still help the crown, how global markets act with the U.S. Fed will be key for this week,” CSOB analysts said in a note. The dollar consolidated gains on Monday after posting its biggest weekly rise in six weeks as traders cut bearish bets before a much-anticipated Federal Reserve meeting that might signal an outlook change for U.S. monetary policy. Regional currencies have mostly held steady…

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