FINANS DAILY
"Unless you try to do something beyond what you have already mastered, you will never grow." - Ronald E. Osborn
FOREX MARKET
The greenback was well sustained against the euro by the interest rate differentials as the EUR/USD ranged between 1.2985-
1.3050 zone on Tuesday. It seems that the US Nonfarm Payrolls data weighted pretty hard on the market and triggered a
recovery of the dollar vs. its peers. On January 10th, the US dollar reached one-month and a half high against the euro in mid-
European forex session, as investors became more aware of that the Federal Reserve would not rush to cutting the policy rate in
the coming months. Today, the market watchers will be focusing over the US Trade balance for November, which is expected to
further widen as compared to previous month.
On January 9th, the EUR/RON was quoted in the 3.3750-3.3850 zone in the first hours of trading, but around noon RON
weakened up to 3.3930 level, despite a slight recovery of its regional peers. This reversion of trend at the beginning of 2007,
might have been determined by the unattractive ON interest rates and NBR's inconsistency in draining the excess liquidity from
the interbank market. The single currency ended the forex session in the 3.3850 zone.
On Wednesday, the EUR/RON started 100 pips higher than yesterday�s closing level, and within first hours of trading it broke
the 3.4000 resistance zone, ralling up to 3.4070 level. The recent depreciation of RON against the hard currencies was also
driven by the general dovish mood of foreign investors towards emerging markets.
MONEY MARKET
On January 10th, the ON interest rates remained flat in the 0.7/2.5% zone. The T-bills auction organized by the Minister of
Finance on Janaury 8th, after an absence of more than one year, did not reduce the high liquidity in the Romanian money market,
as it was largely oversubscribed, despite significantly lower yields as compared to the monetary policy rate.
|
Domestic Markets Foreign Exchange Rates |
||||
|
NBR |
Daily Change |
Date(%) |
Annualized |
|
|
EUR/RON |
3.3876 |
0.0005 |
0.17% |
0.17% |
|
USD/RON |
2.5999 |
-0.0032 |
1.26% |
1.23% |
|
GBP/RON |
5.0508 |
0.0210 |
-0.30% |
-0.29% |
|
CHF/RON |
2.1012 |
-0.0032 |
-0.56% |
-0.55% |
|
Interbank Market Interest Rates (%) |
||||
|
ON |
1M |
6M |
12M |
|
|
BUBID |
0.17% |
4.00% |
5.75% |
6.00% |
|
BUBOR |
21.26% |
6.46% |
7.94% |
8.06% |
|
LIBOR (EUR) |
3.58% |
3.62% |
3.88% |
4.05% |
|
LIBOR (USD) |
5.30% |
5.32% |
5.37% |
5.33% |
|
Romanian Equities |
||
|
Last |
Daily (%) |
|
|
BET |
8,549.82 |
-0.41% |
|
BET-C |
5,351.51 |
-0.31% |
|
BET-R |
64,876.36 |
-0.15% |
|
RASDAQC |
2,390.81 |
-1.40% |
|
Romanian Eurobonds |
||||
|
Maturity |
Cupon |
Price |
Daily (%) |
Yield |
|
27-Jun-08 |
10.63% |
108.56 |
-0.05% |
4.35 |
|
02-Jul-lO |
5.75% |
104.44 |
-0.01% |
4.33 |
|
06-May-12 |
6.50% |
119.21 |
-0.03% |
4.36 |
|
22-Jun-15 |
4.125% |
96.28 |
-0.04% |
4.66 |
|
Romanian State Government Bonds and T-Bills |
||||
|
Latest issues |
Auction Date |
Issue Date |
Maturity Date |
Avg. Yield |
|
RO0510DBNI36 |
08 August 2005 |
608 August 2005 |
10 August 200510August20 |
7.48% |
|
RO0515DBN143 |
15 August 2005 |
15 August 2005 |
17 August 2005 |
7.49% |
|
RO0508DBN155 |
15 September 2005 |
19 September 2005 |
19 September 2008 |
7.60% |
|
International Equities |
||||
|
Last |
Daily Change |
Year Low |
Year High |
|
|
S&P500 |
1,318.03 |
-0.05% |
1,223.69 |
1,427.09 |
|
DJI |
12,416.60 |
-0.06% |
12,398.01 |
12,501.52 |
|
NASDAQ |
2,443.83 |
0.23% |
2,405.92 |
2,465.98 |
|
XETRADAX |
6,563.83 |
-1.28% |
6,503.13 |
6,681.13 |
|
NIKKEI 225 |
16,942.40 |
-1.71% |
14,218.60 |
17,353.67 |
|
International Market Exchange Rates |
||
|
CURRENCY |
Latest |
Daily Change |
|
EUR/USD |
1.2991 |
-0.31% |
|
GBP/USD |
1.9415 |
-0.06% |
|
USD/CHF |
1.2425 |
0.44% |
|
USD/SEK |
7.0041 |
0.34% |
|
USD/JPY |
119.25 |
0.11% |
|
EUR/USD trading rate |
|||
|
Support |
Resistance |
||
|
Sup. 1 |
1.2950 |
Res. 1 |
1.3030 |
|
Sup. 2 |
1.2910 |
Res. 2 |
1.3050 |
|
Sup. 3 |
1.2800 |
Res. 3 |
1.3090 |
|
Sup. 4 |
1.2750 |
Res. 4 |
1.3120 |
|
Commodities |
||
|
Latest |
Daily (%) |
|
|
GOLD |
611.9 |
-0.26% |
|
SILVER |
12.42 |
-0.08% |
|
OIL (BRENT) |
51.52 |
-0.85% |
|
Interest Rates for Time Deposits of Finansbank (Romania) SA |
|||||||
|
1WK |
1M |
3M |
SM |
9M |
12M |
Minimum Amount |
|
|
USD |
-0.26% |
.26% |
4.50% |
4.75% |
5.00% |
5.50% |
USD 1,000 |
|
EUR |
-0.08% |
.08% |
.08% |
4.25% |
.08% |
.08% |
EUR 1,000 |
|
RON |
3.00% |
.85% |
85% |
85% |
8.00% |
85% |
RON 2,000 |
Released by FINANSBANK Romania S.A., Splaiul Unirii no.12, Bl. B6 040034, Bucharest. For further information please contact Melania Hancila Treasury & Capital Markets Division, Phone 301 73 42, Fax 318 09 61.
Disclaimer: This report does not represent an investment advice and should not be construed as a recommendation to invest in any kind of investment vehicle. The information in the report is based on sources available to the public and believed to be reliable, and there is no claim that is accurate or complete. Thereafter this information can be changed without notice.
Publicat de FINANSBANK Romania S.A., Splaiul Unirii nr.12, Bl. B6 040034, Bucuresti. Pentru mai multe informatii si intrebari, va rugam contactati Departamentul Trezorerie si Piete de capital - Melania Hancila, Telefon: 301 73 42, Fax: 318 09 61.
Acest buletin are scop informativ si nu reprezinta un sfat sau recomandare de a investi in nici un tip de instrument. Informatiile care stau la baza acestui raport zilnic au o sursa publica, considerata sigura insa, nu sustinem ca este completa. Astfel ca informatiile publicate mai sus se pot schimba fara un anunt prealabil.