Free Trial
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.
CZECHIA
- EURCZK has been consolidating higher in recent days after finding a local low at 24.2660 this week; ST resistance to watch on the topside stands at 24.50.
- Key support to watch on the downside stands at 24.09.
- Interestingly, CZK has remained strong in the past week despite Euro weakness (while selling pressure on HUF and PLN has been intense) following the data on FX reserves as the new CNB board seems more keen in keeping the CZK stable to make sure that inflation expectations do not get de-anchored due to FX depreciation.
- The Czech government is considering using a 350-billion koruna loan facility from the EU recovery package, agreed in 2020, to help to finance projects linked with cutting dependence on Russian energy supplies, Hospodarske Noviny reports, citing a person familiar with the matter (BBG).
Source: Bloomberg/MNI
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.
We are facing technical issues, please contact our team.
ok
Your request was sent sucessfully! Our team will contact you soon.
ok