Economists at ING recaps their forecasts for the CEE currencies. In their view, the region could enjoy mild gains.

Higher EUR/USD is a small boost for region

“On the FX market, we found the CEE currencies almost unchanged after yesterday's US inflation number. However, higher EUR/USD today will give them a chance to erase this week's losses. But still, it shouldn't change much in the picture of a flat week.”

“For the Polish Zloty we see a return below 4.680 EUR/PLN and for the Czech Koruna levels below 24.00 EUR/CZK.”

“Hungarian inflation numbers should be good news for Forint and we can go back below 396 EUR/HUF.”