MNI BRIEF: Canada Commits To Just One Of Three Fiscal Anchors

MNI BRIEF: German Insolvency Rate Slows, 2025 Pickup Expected

MNI BRIEF: Brazil Not Even Close To Fiscal Dominance - David

CORRECTED-MNI BRIEF: Brazil Inflation Rises To 4.87% In Nov

MNI China Daily Summary: Tuesday, December 10

MNI: USDA: 2024/2025 CORN PRODUCTION EST 15.14B BSL

EZ/UK T-Bill Calendar: 12-Month BOT Auction on Wednesday

EZ/UK Bond Supply Calendar: 4.25% Jul-34 Gilt Due Wednesday

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Broad Single Currency Weakness Provides Headwind to Koruna

CZK
The Czech koruna is the poorest performer in the EMEA region, with EURCZK last dealing at around 24.68, close to its intraday highs, as both single currency weakness and an uptick in the USD index provides a headwind to CEE FX.
  • There have been few domestic drivers, with moves across G10 FX largely dictating price action. As such, focus will turn to the Fed rate decision later today. Topside resistance is found at the Oct 26 high of 24.747, a break of which would put the cross at its highest since July 2022.
  • The CNB rate decision will then take focus tomorrow. This week's decision is a close call between a hold and a 25bp cut. While the economy has evolved in a dovish direction since the previous meeting, the CNB has been wary of cutting rates too early. Our full preview of the decision, with sell-side analysts views, can be found here.
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.