Free Trial

CZK: Koruna Extends Losses, Current Account Deficit Narrows

CZK

EUR/CZK has posted gains on each day this week and extends this streak last dealing +0.016 at 25.139. The rate printed its best levels since Aug 21 and bulls look for further gains beyond the 50-DMA, which kicks in at 25.209. On the downside, the focus falls on the 25.0 area.

  • Czechia's current account deficit shrank to CZK13.74bn in July from the revised CZK26.54bn (initial reading was -CZK48.25bn). The consensus forecast was a deficit of CZK20.65bn.
  • CZGBs are firmer across the curve, taking their cue from core markets. The PX Index is little changed on the session.

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.