CREDIT EUROPE DAILY
"I am not afraid of storms for I am learning how to sail my ship." - Louisa May Alcott
FOREX MARKET
On June 19th, the Romanian forex market opened in the 3.2120 zone, as it closed slightly higher the day before.
The domestic currency suffered a slight correction vs. the hard currencies, as some of the foreign investors decided
to mark their recent gains. Sustained euro purchases propelled the pair up to 3.2300 zone until noon time. However,
euro could not keep its earlier gains and tumbled back to 3.2100 level.
On Wednesday, the single currency was quoted at 3.2090 level at the opening of the forex session, but shortly after
the bids climbed until 3.2185 level the highest, mostly on back of domestic buying orders, as companies have to
pay the budget excises until 25th of each month. For the rest of the trading, it is likely that EUR/RON would be
traded in the 3.2100-3.2300 zone, the more so as RON's regional peers underwent a mixed evolution by now.
The unexpected decline in Germany's ZEW business sentiment on June 19th, limited the rally of the euro against
its major peers, falling until 1.3380 zone. On the other side, the sustained decrease of the US treasury yields from
5Y high, eroded the advantage of the dollar against the euro. Therefore, the EUR/USD remained rangebound within
1.3415-1.3435 levels on Wednesday and it is likely to stay flat today as the economic agenda is thin.
MONEY MARKET
On June 19th, the overnight interest rates increased slightly to 6.5/7.5% bids/asks, as NBR continued to drain the
whole offer of the commercial banks at Monday's deposit auction. The total offer amounted to a modest RON
1.98bln, but only 11 banks placed bids at this auction, as the market prefers to keep the liquidity to cover their
mandatory reserves. On Wednesday, the overnight maturities are traded for 5.75/6.50% bids/asks, as the reserve
period is approaching the end and the commercial banks seem to have already constituted their mandatory
reserves.
|
Domestic Markets Foreign Exchange Rates |
||||
|
NBR |
Dailv Chanqe |
Year to Date (%) |
Annualized |
|
|
EUR/RON |
3.2215 |
0.0035 |
-4.74% |
-3.25% |
|
USD/RON |
2.4063 |
0.0062 |
-6.28% |
-4.32% |
|
GBP/RON |
4.7740 |
0.0136 |
-5.76% |
-3.96% |
|
CHF/RON |
1.9367 |
0.0012 |
-8.35% |
-5.76% |
|
Interbank Market Interest Rates (%) |
||||
|
ON |
1M |
6M |
12M |
|
|
BUBID |
6.10% |
6.88% |
6.68% |
6.57% |
|
BUBOR |
6.85% |
7.52% |
7.53% |
7.54% |
|
EURIBOR |
4.08% |
4.11% |
4.29% |
4.52% |
|
LIBOR(USD) |
5.30% |
5.32% |
5.40% |
5.46% |
| Romanian Equities | ||
|
Last |
Daily (%) |
|
|
BET |
9,096.80 |
-0.08% |
|
BET-C |
6,178.89 |
0.04% |
|
BET-FI |
73,497.10 |
-1.53% |
|
RASDAQ C |
4.747.39 |
0.22% |
|
Romanian Eurobonds |
||||
|
Maturity |
Cupon |
Price |
Daily (%) |
Yield |
|
27-Jun-08 |
10.63% |
105.79 |
0.06% |
4.60 |
|
02-Jlil-10 |
5.75% |
102.50 |
0.13% |
4.84 |
|
06-May-12 |
6.50% |
115.46 |
0.28% |
4.86 |
|
22-Jun-15 |
4.125% |
92.59 |
0.69% |
5.29 |
|
Romanian State Government Bonds and T-Bills |
||||
|
Latest issues |
Auction Date |
Issue Date |
Maturity Date |
Avq. Yield |
|
RO0510DBNI36 |
08 August 2005 |
10 August 2005 |
10 August 2010 |
7.48% |
|
RO0515DBN143 |
15 August 2005 |
17 August 2005 |
17 August 2015 |
7.49% |
|
RO0508DBN155 |
15 September 2005 |
19 September 2005 |
19 September 2008 |
7.60% |
|
International Equities |
||||
|
Last |
Daily Chanqe |
Year Low |
Year Hiqh |
|
|
S&P 500 |
1,318.03 |
0.17% |
1,364.30 |
1,539.18 |
|
DJI |
13,635.42 |
0.16% |
13,553.72 |
13,639.48 |
|
NASDAQ |
2,626.76 |
0.01% |
2,525.29 |
2,626.71 |
|
XETRA DAX |
8,033.52 |
-0.03% |
7,590.50 |
8,036.12 |
|
NIKKEI 225 |
18,211.68 |
0.26% |
15,725.94 |
18,215.35 |
|
International Market Exchange Rates |
||
|
CURRENCY |
Latest |
Daily Chanqe |
|
EUR/USD |
1.3425 |
-0.01% |
|
GBP/USD |
1.9891 |
0.23% |
|
USD/CHF |
1.2399 |
-0.02% |
|
USD/SEK |
7.0104 |
-0.17% |
|
USD/JPY |
123.25 |
-0.27% |
|
EUR/USD trading rate |
|||
|
Support |
Resistance |
||
|
Sup. 1 |
1.3370 |
Res. 1 |
1.3430 |
|
Sup. 2 |
1.3330 |
Res. 2 |
1.3480 |
|
Sup. 3 |
1.3300 |
Res. 3 |
1.3510 |
|
Sup. 4 |
1.3260 |
Res. 4 |
1.3530 |
|
Commodities |
||
|
Latest |
Dailv (%) |
|
|
GOLD |
660 |
0.66% |
|
SILVER |
13.29 |
0.83% |
|
OIL (BRENT) |
72.66 |
-0.22% |
|
Interest Rates for Time Deposits of Credit Europe Bank |
|||||||
|
1WK |
1M |
3M |
6M |
9M |
12M |
Minimum Amount |
|
|
USD |
0.50% |
4.25% |
4.50% |
4.75% |
5.00% |
5.50% |
USD 1,000 |
|
EUR |
0.50% |
3.75% |
4.00% |
4.25% |
4.25% |
4.75% |
EUR 1,000 |
|
RON |
3.00% |
7.25% |
7.25% |
7.50% |
7.50% |
8.00% |
RON 2.000 |
Released by Credit Europe Bank Romania S.A.,3rd Nerva Traian Street, Bucharest. For further information please contact Melania Hancila -Treasury & Capital Markets Division, Phone 308 52 66, Fax 318 87 74.
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 Credit Europe Bank Romania S.A., Nerva Traian nr.3, Bucuresti. Pentru mai multe informatitii si intrebari, va rugam contactati Departamentul Trezorerie si Piete de capital - Melania Hancila, Telefon: 308 52 66, Fax: 318 87 74.
Acest buletin are scop informativ si nu reprezintaun 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.