CEE MARKETS-FX stabilises, worries over Delta variant persist

 CEE MARKETS-FX stabilises, worries over Delta variant persist

By Anita Komuves BUDAPEST, July 20 (Reuters) – Central European currencies held stable on Tuesday after losses in the previous session, as traders and analysts expected worries about the Delta variant’s spread to keep pressuring markets in the region. The Hungarian forint edged up 0.09%, trading at 359.50 per euro — near a two-and-a-half month low — and just below the psychological and technical barrier of 360 that it tested in the previous session. If that level is significantly broken, the currency could rise up to 364, brokerage Equilor wrote in a note. “Due to the negative global sentiment and the firming dollar the forint is stuck around 360, and could stay here until next week’s rate meeting,” an FX trader in Budapest said. “An appropriately-sized rate hike could strengthen the currency then.” The central bank of Hungary will hold a rate-setting meeting next Tuesday. It hiked the benchmark rate by 30 basis points in June…

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