Free Trial

CZK: Koruna Gains For Fourth Day

CZK

EUR/CZK loses altitude for the fourth consecutive day, moving towards its 100-DMA. The rate operates -0.033 at 25.098, with the moving average intersecting at 25.068, providing an initial layer of support. Below that level, the focus would turn to the psychologically significant 25.0 figure. Bulls continue to look for a rebound towards Aug 1 high of 25.535.

  • Czechia's economic data docket is empty during the remainder of this week, which keeps the focus on global developments. Elsewhere, the government has reportedly started internal negotiations on the 2025 budget, which will likely involve a tighter deficit target than this year's CZK252bn. The government must submit the spending plan to the Chamber of Deputies by the end of September.
  • CZGB yields are marginally lower; the PX Index is little changed at typing.

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.