CZK: Koruna Loses Ground Amid Limited Local Headline Flow
Apr-20 09:20
EUR/CZK has advanced as the Koruna is among the worst EMEA performers. The rate last operates +0.055 at CZK23.487 and a break above the 50-DMA (CZK23.597) would bring Mar 28 high of CZK23.820 into play. Conversely, Apr 14 low of CZK23.207 continues to provide a key near-term bearish target.
- CZGBs have turned bid and are 3.4-7.2bp firmer across the curve. The PX index has traded on a heavier footing, shedding ~0.3% this morning.
- The local economic docket is light today, with several Cabinet ministers due to speak.
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