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10Y Yield Gradually Edging Lower As Inflation Risks Ease

CZECHIA
  • President Milos Zeman is scheduled to meet finance minister-nominee Zbynek Stanjura as part of his consultations with candidates for the next cabinet (BBG).
  • Yesterday, CNB policymaker Holub reiterated that the central bank is ready to keep rising interest rates in the coming meetings to curb the strong price pressures.
  • USDCZK ticks higher this morning after finding support at 22.43 earlier; short term resistance to watch on the topside stands at 22.50, followed by 22.5940. On the downside, next support to watch below 22.43 stands at 22.23.
  • Czech 10Y yield has been consolidating lower in the past week, currently trading around 2.60%; ST support to watch on the downside stands at 2.50%. On the topside, first resistance stands at 2.70% (50DMA), followed by 2.84%.

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