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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
- We have seen in recent months that the aggressive tightening run by the CNB has been supporting the CZK against major crosses.
- EURCZK is currently testing its key support at 24.77, which corresponds to the February 2020 low reached before the March panic. A break below that level would bring us to 2012 lows.
- CZK is also the 'less risky' currency among the CEE region, therefore CZK crosses (HUF, PLN) could continue to reach new all time highs.
- Governor Rusnok mentioned during the December press conference that Czech policy rate will reach or exceed 4% at the next meeting (Feb 3).
Source: Bloomberg
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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