CORRECTED-MNI: Fed's Hammack-Near Or At Time To Slow Rate Cuts

MNI BRIEF: Fed's Goolsbee Sees Rates Fair Bit Lower In A Year

CANADA JOBLESS RATE +6.8% VS FORECAST +6.6%, PRIOR +6.5%

MNI China Daily Summary: Friday, December 6

MNI: PBOC Net Drains CNY288.1 Bln via OMO Friday

MNI: PBOC Sets Yuan Parity Lower At 7.1848 Fri; -1.64% Y/Y

MNI: UNIV OF MICHIGAN CONSUMER SENTIMENT PRELIMINARY DEC INDEX 74.0

CANADA NOV IVEY PURCHASING MANAGERS INDEX 52.3 SA

EZ/UK Bond Supply Calendar: Austria, UK Auction on Tuesday

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

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

CZK: Koruna Loses Ground

CZK
EM BulletCzech RepublicCentral and Eastern EuropeBulletGlobalEmerging Market NewsRegionCzechia

EUR/CZK changes hands +0.016 at 25.093 and bulls continued to look for gains beyond the 50-DMA, which kicks in at 25.210. Bears look for a clean breach of the 25.0 figure.

  • CZGB yields curve has shifted lower, in line with trends across CE3 and core FI space. The PX Index has shed 0.6%, falling to its lowest point this month.
  • CNB Deputy Governor Zamrazilova yesterday said that while she does not see any reason to halt monetary easing, outsize interest-rate cuts should be avoided. She added that "we have to be very, very careful."
  • Zamrazilova spoke after data from the CZSO revealed that inflation stayed at +2.2% Y/Y, exceeding the consensus forecast of +2.0% and the CNB's projection of +1.8%. Core inflation also came in above expectations.
124 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 changes hands +0.016 at 25.093 and bulls continued to look for gains beyond the 50-DMA, which kicks in at 25.210. Bears look for a clean breach of the 25.0 figure.

  • CZGB yields curve has shifted lower, in line with trends across CE3 and core FI space. The PX Index has shed 0.6%, falling to its lowest point this month.
  • CNB Deputy Governor Zamrazilova yesterday said that while she does not see any reason to halt monetary easing, outsize interest-rate cuts should be avoided. She added that "we have to be very, very careful."
  • Zamrazilova spoke after data from the CZSO revealed that inflation stayed at +2.2% Y/Y, exceeding the consensus forecast of +2.0% and the CNB's projection of +1.8%. Core inflation also came in above expectations.