Free Trial

CZK: Rate Pierces 200-DMA For First Time Since Late Dec

PLN

PLN/CZK advances for the third consecutive session, piercing its 200-DMA (CZK5.1228) which has been intact since late December. The rate last operates +71 pips at CZK5.1234 and topside focus falls on Mar 15 high of CZK5.1319. A clearance of that level would suggest that broader bullish momentum is building.

  • The CNB confirmed that all seven Bank Board members will participate in the monetary policy meeting next week. EUR/CZK 1-week implied volatility has now unwound most of its earlier upswing.
  • In Poland, the unemployment rate fell by the expected 0.1pp to 5.4% in March, indicating that the local jobs market remains tight.

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.