Wednesday May 25, 2022

The koruna lost 24 crowns per euro, stock markets are still nervous

The Czech koruna again attracted attention with its gains against the euro. Together with me, she wiped out all her losses against the dollar. The stock markets are still under selling pressure.

The currencies of the Central European region were very popular last week, when the Czech koruna fell below 24 crowns per euro, the Hungarian forint strengthened to 239 HUF / EUR and the zloty is still close to its record values ​​in euros. At the end of the week, the Czech koruna will make a profit, and therefore the koruna will end the week with only a slight send at 24.15.

Last week, the Hungarian forint was still strongly supported by the first year on the investments made in the country, and thus strengthened against the euro by 2.8%. The Polish zloty hovered around 3.36 PLN / EUR during close trading, close to its historical highs. After the revaluation of parity, the Slovak currency does not significantly deviate from the level of around 30.30 crowns per euro and, in addition, only the rate for setting the conversion rate.

In the coming days, it is expected that the currencies of Central Europe will be supported by the meetings of central banks both in the Czech Republic and in Hungary, Poland and Slovakia.

US dollar during a bird under pressure

The US dollar failed to hit last week’s gains last week. He reacted mainly to the dream of increasing the year’s rates. The US central bank, Ben Bernanke, downperformed Pehnan in his Monday speech. Last week, America did not even find such foundations that would help me more significantly. Although industrial producer prices rose above the peak in May, the housing market fell further.

On the contrary, the euro area offered final inflation in May, where inflation was one tenth of a percent above the original rapid estimate. Thus, inflation in production in Germany came as a surprise. These data last week increased the probability of rising base rates in the euro area and, conversely, in the US, rates were falling, which put the dollar under selling pressure.

Guvernr Bank of England musel pst dopis vld
Inflation in the UK rose above 3% in May, so Governor Mervyn King had to write a letter to the finance minister. In his letter, the governor froze the market’s rise in raising rates and, on the contrary, said that behind the current level of inter-annual inflation is globally high food and energy prices, which the central bank can fight hard. The referendum from the last new session on Wednesday only confirmed this echo.

In addition, rates in Britain have been relatively high at 5% compared to other countries, while in the US they are at 2% and in the euro area at 4%. May inflation in the US and the euro area was so unfavorable, at 4.2%, respectively. 3.7%. Governor King said that inflation will rise in the next month to 4%. Slowing down the UK economy, the BoE is again raising rates. The British economy has slowed sharply this year, rising to 1.4% from 3% last year and 2.9% in 2006. As of 2009, the results are not good. Skeptics even expect a recession.

The British pound reacted weakly against both the euro and the dollar in response to tern events. In recent months, however, the financial crisis has been unfavorable for the pound in recent months, as the financial sector accounts for about a quarter of the British economy. Since last November, the pound against the dollar fell by about 7.5%, against the euro from the losk from piblin by 16%. Last week, the pound weakened against the dollar by 1.4% and the euro corrected its gains during the week and eventually weakened by about 0.1%.

The price of oil is still close to its peak

The price of Brent crude oil managed to fall this week to 131 USD / barrel. In the course of the bird, it corrected and moved back and to Monday’s level of 135 USD / barrel. The regular public supply again disappointed with the amount of oil. On Thursday, it announced that it is increasing fuel prices in the country by an average of 18 percent, which could be dreamed in the following Czech demand for oil. Oil fell in response and first to a price of 131 USD / barrel.

The first night in the oil market was first disrupted by the external geopolitical risk at the Near Entrance, specifically the Israeli drift in the nuclear facility. The weakening dollar in the week of the week thus had a negative impact on the oil market. It is clear that the market needs significant events in order for the price of oil to fall, such as the strengthening dollar, increased by OPEC or, conversely, lower global demand.

The price of gold erased the losses from the previous week and reached $ 35, and at 905 USD / ounce. The price of gold was mainly supported by the strong market, weakening the dollar and accelerating inflation in all corners of the world.

Stock markets stle in ervench slech
Stock indices lost in America, Asia and Europe. The markets below are not convinced that we have the worst of the financial crisis behind us, so move around like a rocking chair. Expensive oil does not help the stock with growth, only energy companies benefit. Vtina index ends tet tden in ad decline. During the five days, the Nasdaq lost about 0.7% in the full week, the S&P about 1.8% and the Dow Jones the most, about 2.5%. The Nikkei lost 1.4% last week and the London FTSE lost 1.8%.

Sales on the stock markets did not escape the Central European region either. The PX index ended the week with a decrease in piblins by 2.9%. The Budapest BUX lost as much as 5.3% and the Polish WIG lost less than in the previous week, but still 2.1%.

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