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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 retracing sharply higher in the past two weeks, surging to a local high of 25.936 yesterday, its highest level since April 2021.
- CZK has lost most of its 2021 and early 2022 gains since the start of the Russia/Ukraine conflict, putting CNB policymakers in a ‘difficult’ position as weaker koruna has been supporting inflation expectations.
- Next key resistance to watch on the topside stands at 26.33, which corresponds to the 61.8% Fibo retracement of the 24.09 – 27.72 range.
- President Milos Zeman and Prime Minister Petr Fiala will meet to discuss the war in Ukraine. The two leaders are expected to talk about allowing Czech citizens to join Ukrainian army fighting against Russian aggression (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.
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