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CZK: Koruna Trades Flat Amid Lack Of Major Catalysts

CZK

EUR/CZK trades flat at 25.183 as local headline flow offers little in the way of impactful catalysts, leaving the koruna to oscillate within a tight range as market participants take stock of the current situation and monitor external developments. The technical picture remains more or less the same, with bulls looking to a renewed attack on recent cycle highs printed at 25.535. Meanwhile, a dip through the 50-DMA (25.122) and 100-DMA (25.075) would open up the 25.0 figure.

  • CZGB yields are slightly lower across the curve, while the PX Index has added 0.6%.
  • Looking ahead, Czechia will report July PPI data on Friday.

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