MNI BRIEF: Fed's Bostic - Rate Cut Likely At End of Year

MNI BRIEF: Fed Could Wait Until 2025 To Lower Rates - Kashkari

MNI BRIEF: Fed's Williams Says There's No Urgency To Cut Rates

MNI BRIEF: Beijing Opposes U.S. Measures Against Chinese Steel

MNI China Daily Summary: Thursday, April 18

MNI BRIEF: M2 Growth To Slow On Weak Demand - PBOC's Zou

MNI: FED BALANCE SHEET TOTAL ASSETS -$33B TO $7.406T IN WEEK

US Treasury Auction Calendar

EZ/UK Bond Supply Calendar: EU, UK Synd W/C 22 Apr, BoE APF Mon

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

MNI: Growth Drag From Net Zero Carbon Goal Can Be Offset-OECD

© 1982-2023 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

A 50bps Hike is Now Very Likely for the September 30 Meeting

CZECHIA
LOCAL NEWS
  • Today, lawmakers are expected to debate a proposal to accept antibodies acquired after recovering from Covid-19 as the same proof of immunity as vaccination (BBG).
  • Yesterday, economic data showed that Czech PPI inflation rose by 9.3% YoY in August (vs. 8.7% exp.), up from 7.8% the previous month.
  • A 50bps hike is now very likely for the September 30 meeting following policymakers recent 'hawkish' comments.

FI/FX MARKETS


  • USDCZK ticks lower this morning and is trading back within its tight range between its 100DMA (21.38) and 200DMA (21.50). Next support to watch below 21.38 stands at 21.20, and next resistance to watch above 21.51 stands at 21.60 (50DMA).
  • EURCZK ticks lower this morning, and is currently trading slightly above its key support at 25.25; a break below that level would open the door for a move down to 25. On the topside, resistance to watch stands at 25.50 (100DMA).
  • Czech 10Y yield has been consolidating higher in the past week, approaching its key resistance at 2%; next level to watch above that stands at 2.20%. On the downside, first support stands at 1.80%, followed by 1.76% (50DMA).
BulletEM BulletEmerging Market NewsHomepage
BulletEM BulletEmerging Market NewsHomepage

To read the full story

Close

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.