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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
- Momentum on CZK remains firm this morning, with EURCZK currently testing its 24.50 support.
- Next key level to watch on the downside stands at 24.28, September 2012 lows.
- Monetary policy divergence between CNB and ECB keeps supporting the CZK (relative to the Euro), which is favorable for Czech policymakers as currency strength could help anchor inflation expectations.
- This morning, economic data shoed that Final Q3 GDP came in higher than expected at 3.3% YoY (vs. 3.1% exp.), with industrial production rising by 4.5% YoY in November (vs. 2% expected).
- Czech Republic also registered a 5.7bn CZK trade surplus in November (vs. -6bn CZK exp.).
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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