MNI China Daily Summary: Friday, January 10

MNI BRIEF: China To Adopt Very Proactive Fiscal Policy-Offical

CANADA LIBERAL LEADERHIP VOTE TO REPLACE TRUDEAU SET FOR MAR 9

MNI BRIEF: PBOC Suspends Bonds Trades As Yields Drop

MNI: PBOC Net Drains CNY14.8 Bln via OMO Friday

MNI: PBOC Sets Yuan Parity Higher At 7.1891 Fri; -2.36% Y/Y

USDA: CORN STOCKS 12,074M BSL ON JAN 1

MNI: USDA: 2024/2025 CORN PRODUCTION EST 14.87B BSL

EZ/UK T-Bill Calendar: Germany, France Auction on Monday

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2025 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

CZK: Koruna Inches Lower, CNB Holds Financial Stability Meeting

CZK
EM BulletCzech RepublicBulletEmerging Market NewsCentral and Eastern EuropeCzechia

EUR/CZK has edged higher this morning, pausing a three-day losing streak. The rate deals +0.014 at 25.287 with familiar near-term technical targets still in play. A move through Nov 6 high of 25.449 would open up Aug 1 high of 25.535. On the flip side, bears continue to look for losses past the 50-DMA (25.274) and the 100-DMA (25.237).

  • The CNB will announce the outcome of its quarterly review of the countercyclical buffer (CCyB) rate and other macroprudential settings. The rate was kept unchanged at 1.25% during the previous meeting in September.
  • The IMF said that Czechia still has room to lower interest rates to about 3% next year but recommended "gradual" easing going forward, with the repo rate trimmed to 4% earlier this month.
  • The CZGB curve has twist steepened. The PX Index operates 0.4% lower on the day.
137 words

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.

EUR/CZK has edged higher this morning, pausing a three-day losing streak. The rate deals +0.014 at 25.287 with familiar near-term technical targets still in play. A move through Nov 6 high of 25.449 would open up Aug 1 high of 25.535. On the flip side, bears continue to look for losses past the 50-DMA (25.274) and the 100-DMA (25.237).

  • The CNB will announce the outcome of its quarterly review of the countercyclical buffer (CCyB) rate and other macroprudential settings. The rate was kept unchanged at 1.25% during the previous meeting in September.
  • The IMF said that Czechia still has room to lower interest rates to about 3% next year but recommended "gradual" easing going forward, with the repo rate trimmed to 4% earlier this month.
  • The CZGB curve has twist steepened. The PX Index operates 0.4% lower on the day.