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CZK: Koruna Ticks Higher, Current Account Balance Flips Into Surplus

CZK
EM BulletCzech RepublicCentral and Eastern EuropeBulletGlobalEmerging Market NewsRegionCzechia

Czechia's current account data may have helped apply some pressure to EUR/CZK, which last deals -0.036 at 25.268. Bears need a dip through the 50-DMA at 25.161 to regain the initiative. Bulls look for gains past Oct 7 high of 25.381 before taking aim at Aug 1 high of 25.535.

  • Current account balance unexpectedly flipped to a surplus in August, printing at +CZK18.54bn versus -CZK5.17bn expected. This comes after a narrower-than-expected deficit registered in July.
  • CZGB yields have crept higher this morning. The PX Index is up by 0.4%.
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Czechia's current account data may have helped apply some pressure to EUR/CZK, which last deals -0.036 at 25.268. Bears need a dip through the 50-DMA at 25.161 to regain the initiative. Bulls look for gains past Oct 7 high of 25.381 before taking aim at Aug 1 high of 25.535.

  • Current account balance unexpectedly flipped to a surplus in August, printing at +CZK18.54bn versus -CZK5.17bn expected. This comes after a narrower-than-expected deficit registered in July.
  • CZGB yields have crept higher this morning. The PX Index is up by 0.4%.