1356 GMT - Central and Eastern European currencies face a hit if optimism over Ukraine peace deal unwinds further after Friday's collapse in negotiations between the Ukraine and U.S., ING analyst Frantisek Taborsky says in a note. The Polish Zloty and Hungarian forint look particularly exposed due to positioning, he says. Following initial falls after the talks, CEE currencies could stabilize at weaker levels for now while waiting for further developments. "What is clear, though, is that it will be more of a bumpy road for FX from this point onwards." EUR/PLN falls 0.6% to 4.1592 after reaching a three-week high of 4.2092 earlier, according to FactSet. EUR/HUF drops 0.6% to 400.240 after hitting a two-and-a-half-week high of 407.080 Friday. (renae.dyer@wsj.com)
(END) Dow Jones Newswires
March 03, 2025 08:56 ET (13:56 GMT)
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