EUR/CZK snaps a three-day winning streak, with the Koruna outperforming its EMEA peers today. The pair operates -0.076 at CZK23.483, with bears looking for a renewed attack on Mar 1 low of CZK23.343, before taking aim at Jul 21, 2008 low of CZK22.877. On the topside, the focus falls on the 50-DMA, which kicks in at CZK23.817.

• CZGBs are marginally firmer across the curve, with yields last seen 1.3-2.9bp lower as we type. The PX index has retreated after hitting new cyclical highs yesterday, the benchmark equity index last operates around 1% lower on the session.
• The recently installed Bank Board member Jan Kubicek backed the strategy of keeping interest rates unchanged at elevated levels for a longer period of time. His comments support expectations of continuity in the Bank Board's collective approach, with Kubicek set to participate in his maiden monetary policy meeting later this month.
• Data from the CNB revealed that the central bank did not step into FX markets in January, marking the third consecutive month with zero interventions. This was expected as the Koruna stayed at/near multi-year highs.