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CZK: Koruna Advances Amid Light Domestic Headline Flow

CZK
EM BulletCzech RepublicCentral and Eastern EuropeBulletGlobalEmerging Market NewsRegionCzechia

EUR/CZK loses altitude for the third day in a row, last changing hands -0.041 at 25.216. A clean break below the 50-DMA (25.159) would suggest that bearish momentum is strengthening, with the RSI sitting close to the mid-point of its normal range (indicating the lack of overextension in either direction). Bulls look for a renewed push towards recent highs located just shy of 25.400, which would bring Aug 1 high of 25.535 into view.

  • CZGB yields sit a tad lower across the curve, 5s outperforming. The PX Index has edged higher, adding 0.1%.
  • The CZSO will publish September PPI figures tomorrow morning.
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EUR/CZK loses altitude for the third day in a row, last changing hands -0.041 at 25.216. A clean break below the 50-DMA (25.159) would suggest that bearish momentum is strengthening, with the RSI sitting close to the mid-point of its normal range (indicating the lack of overextension in either direction). Bulls look for a renewed push towards recent highs located just shy of 25.400, which would bring Aug 1 high of 25.535 into view.

  • CZGB yields sit a tad lower across the curve, 5s outperforming. The PX Index has edged higher, adding 0.1%.
  • The CZSO will publish September PPI figures tomorrow morning.