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Government to Discuss Worsening Pandemic Situation

CZECHIA
  • The government will hold an extraordinary meeting to debate the worsening pandemic situation and a bill allowing a temporary cut of VAT on energy to zero (BBG).
  • Today (London 4.30pm), political parties will also talk the leader of the new parliament.
  • USDCZK ticks higher this morning, currently trading slightly below the 22; next resistance to watch above that stands at 22.07. On the downside, support to watch stands at 21.71 (50DMA).
  • Czech 10Y yield broke above the 2.50% level yesterday, has been up 50bps this month. Next resistance to watch on the topside stands at 2.56%; a break above that level would bring us to 2012 highs. On the downside , first support to watch stands at 2.35%.

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