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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
CZECHIA
- Yesterday, CNB Rusnok reiterated that he cannot rule out further rate hikes, but new rate rise is likely to be ‘comestic’.
- This follows Holub’s comments this week that rates will need to rise further to combat inflation.
- EURCZK has been retracing slightly lower in the past two days, currently trading at the low of its 2-week range. Next support to watch on the downside stands at 24.35, followed by 24.30. On the topside, ST key resistance remains at 24.50.
- Czech 10Y yield continues to retrace higher this week amid rising inflation risk; next ST resistance to watch on the topside stands at 4.32%, which was the high reached in November 2011.
Source: Bloomberg
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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