0927 GMT - Central and eastern European currencies could continue to rise on optimism over a Ukraine-Russia peace deal, ING's Frantisek Taborsky says in a note. President Trump said he held a constructive phone call Wednesday with his Russian counterpart Vladimir Putin about a ceasefire in Ukraine. Similar headlines could be forthcoming, supporting central and eastern European currencies, Taborsky says. These currencies are also supported by a higher euro versus the dollar and improving rate differentials, he says. "We expect the current rally to continue until at least the end of the week." EUR/PLN hit a seven-year low of 4.1567 earlier, according to FactSet. EUR/HUF reached a 16-week low of 400.960 earlier. (renae.dyer@wsj.com)
(END) Dow Jones Newswires
February 13, 2025 04:27 ET (09:27 GMT)
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