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EUR/CZK Holds Tight Range Above 24.0


EUR/CZK trades on a slightly heavier footing, but is happy to hold a fairly narrow range, amid the scarcity of notable price catalysts across DM and EM FX spaces.

  • The pair last changes hands -0.020 at 24.096. The recent pullback is still considered corrective, but a sell-off past the 200-DMA (23.842) would open up scope for further losses. Bulls look for a break above the resistance zone around the 24.3 figure.
  • CZGB yield curve has undergone some bear steepening, taking its cue from core FI space. The 10-15 sector has suffered the heaviest losses this morning. In the local equity space, the PX Index has been steady thus far.
  • The local economic docket is virtually empty during the remainder of this week.

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