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CZK: Koruna Barely Changed, Industrial PPI Accelerates

CZK

EUR/CZK trades flat at 25.232 after bouncing off its 50-DMA yesterday. Thin local headline flow has failed to offer any significant catalysts, with bulls looking for further gains towards recent cyclical highs printed at 25.535. On the downside, a move through the 50-DMA (25.147) and 100-DMA (25.074) would open up the round figure of 25.0.

  • Czechia's industrial PPI inflation accelerated to +1.7% Y/Y in July from +1.0% prior. On a sequential basis, prices rose 0.6% M/M despite expectations of a 0.1% downtick.
  • CZGB yields are marginally mixed; the PX Index has added 0.5%.

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