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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
- In recent weeks, we have seen that CZK has been strengthening sharply against major crosses as traders keep chasing the interest rate differential following CNB aggressive tightening cycle.
- CZK NEER (nominal effective exchange rate) is now trading at its highest level since August 2008 following the significant recent appreciation.
- CZK strength has been beneficial for Czech policymakers as a strong domestic currency anchors inflation expectations.
- As CZK is the least risky currency among the CEE region, CEE crosses (vs. PLN and HUF) traded to all-time highs in the end of 2021 before the recent consolidation.
- As a reminder, both PLN and HUF still carry political risk premia amid on-going tensions with the EU bloc.
Source: Bloomberg/MNI
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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