Free Trial

Czech 10Y Yield Consolidates Higher Following CPI print

CZECHIA
  • This week, Czech CPI print came in higher than expected in July at 3.4% YoY (vs. 2.9%), currently standing above the 3-percent CNB upper tolerance band.
  • Czech 10Y yield has been consolidating higher following the CPI release, up over 10bps and currently testing its 100DMA at 1.76%; next level to watch on the topside stands at 1.80%. On the downside, first support to watch stands at 1.68% (50DMA).
  • USDCZK has been retracing lower in the two days after finding a local high at 21.71 yesterday; first support to watch on the downside stands at 21.57 (200DMA), followed by 21.47 (50DMA). On the topside, first resistance stands at 21.86.

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.