EUR/CZK has edged lower, moving away from post-CNB cycle highs. The pair last deals -044 at 25.204, with bears looking for a continued sell-off past Jan 2 high of 24.867. On the flip side, the next bullish target is provided by 25.486, which capped gains on May 11.

  • CZGBs are softer across the curve this morning. FRAs are under mild pressure, after the CNB's dovish monetary policy decision last week.
  • Transport Minister Martin Kupka said that inflation will likely be between +3%-4% Y/Y in January, which will boost the economy. Official data will be published on Thursday.
  • Czechia's export prices fell 2.4% Y/Y in December and import prices were down 2.1% Y/Y, according to data from the CZSO.

CZK: Koruna Ticks Higher, EUR/CZK Edges Away From Cycle Highs

Last updated at:Feb-12 10:17By: Krzysztof Kruk

EUR/CZK has edged lower, moving away from post-CNB cycle highs. The pair last deals -044 at 25.204, with bears looking for a continued sell-off past Jan 2 high of 24.867. On the flip side, the next bullish target is provided by 25.486, which capped gains on May 11.

  • CZGBs are softer across the curve this morning. FRAs are under mild pressure, after the CNB's dovish monetary policy decision last week.
  • Transport Minister Martin Kupka said that inflation will likely be between +3%-4% Y/Y in January, which will boost the economy. Official data will be published on Thursday.
  • Czechia's export prices fell 2.4% Y/Y in December and import prices were down 2.1% Y/Y, according to data from the CZSO.

MNI Podcasts

Unearthing fresh policy thinking & market intelligence.

Copyright 2024Twitter, Xlinkedin logo