CZK: Koruna On Back Foot, Focus Turns To CNB

EUR/CZK consolidates above its 200-DMA, trading above that moving average for a third day in a row. The rate last deals +0.026 at 24.934, with bulls setting their sights on the 100-DMA, which kicks in at 25.093. On the flip side, the focus is on the 50-DMA (24.887) & 200-DMA (24.834), followed by Jun 7 low of 24.537.

• The CNB will announce its monetary policy decision next Thursday (June 27). As things stand, 7 out of 9 analysts surveyed by Bloomberg expect the central bank to slow the pace of monetary easing to 25bp, while the two dissenters expect a steady pace of 50bp.
• CZGB yields are mostly a tad lower, albeit longer-end yields have now ticked slightly higher (15s +0.7bp at typing). The PX Index is marginally weaker, holds yesterday's range.