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50-DMA Under Pressure From EUR/CZK

CZK

EUR/CZK rests on support from the upward trending 50-DMA (last intersecting at 25.306). The rate last trades flat at 25.331 and a dip through the aforementioned moving average would draw their attention to the 25.000 figure and Jan 2 high of 24.867. On the flip side, Feb 15 high of 25.519 provides the initial target.

  • CZGB yields are higher across the curve, in line with sentiment in global FI markets. The PX Index has edged lower but continues to operate in the vicinity of recent cyclical highs, above the 1,550 level.
  • Prime Minister Petr Fiala will later today meet with US President Biden as part of his ongoing visit to Washington DC. The two leaders are expected to focus on security matters.

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