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CZK: Koruna Holds Narrow Range, CNB Rate Decision Eyed Next Week

CZK
EM BulletCzech RepublicCentral and Eastern EuropeBulletGlobalEmerging Market NewsRegionCzechia

EUR/CZK fluctuates within a tight range, last dealing -0.005 at 25.100. Familiar technical levels remain in play, with bulls looking for a move through the 50-DMA, which kicks in at 25.189. Conversely, bears look for a sell-off past the 25.0 figure.

  • The polling stations for Czechia's twin elections will open this afternoon and close tomorrow. Citizens will elect regional officials and one-third of the senate. None of these polls is expected to be particularly consequential compared to the lower house election slated for next year, but they are seen as a key test for Czech parties and their ability to mobilise voters ahead of next year's electoral exercise.
  • As a reminder, the CNB is currently in its "media quarantine" period, with the next monetary policy decision due to be announced on Wednesday.
  • CZGB yields are mixed, with the 5-10 segment outperforming. The PX Index is barely changed on the day.
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EUR/CZK fluctuates within a tight range, last dealing -0.005 at 25.100. Familiar technical levels remain in play, with bulls looking for a move through the 50-DMA, which kicks in at 25.189. Conversely, bears look for a sell-off past the 25.0 figure.

  • The polling stations for Czechia's twin elections will open this afternoon and close tomorrow. Citizens will elect regional officials and one-third of the senate. None of these polls is expected to be particularly consequential compared to the lower house election slated for next year, but they are seen as a key test for Czech parties and their ability to mobilise voters ahead of next year's electoral exercise.
  • As a reminder, the CNB is currently in its "media quarantine" period, with the next monetary policy decision due to be announced on Wednesday.
  • CZGB yields are mixed, with the 5-10 segment outperforming. The PX Index is barely changed on the day.