By Miroslava Krufova and Alan Charlish
WARSAW (Reuters) – The Czech crown
looks set to lead the charge as central and eastern European currencies bounce back over the next 12 months from recent losses on hopes of improvement in the global pandemic situation, a Reuters poll found.
September was a difficult month for CEE currencies, with the crown, the Polish zloty
and the Hungarian forint
losing 2-3% as rising numbers of coronavirus cases stoked fears of a damaging second wave.
However, according to the poll of 39 analysts, the crown will gain 4.6% versus Wednesday’s European close to 25.80 against the euro in a year, as pandemic worries calm and the focus shifts back to fundamentals.
“While uncertainty regarding the second wave of the pandemic and regarding the impact of related restrictions on economic activity may last also in the coming weeks, I think the CEE currencies