Free Trial

June CPI Inflation Rises 2.8% YoY

CZECHIA
  • This morning, economic data showed that CPI inflation rose slightly more than expected in June, up 2.8% (vs. 2.7% expected) and down from 2.9% the previous month.
  • At 12pm (London time), the CNB will comment on inflation.
  • Next CNB meeting will take place on August 5, and policymaker are very likely to raise the benchmark rate by another 25bps to 0.75%.
  • USDCZK has been consolidating lower in the past week, gradually approaching its 100DMA support (21.49); a break below that level would open the door for a move down to 21.31. On the topside, first resistance stands at 21.73 (200DMA), followed by 21.92.
  • Czech 10Y yield has been flat in the past few days and is currently flirting with its 50DMA (1.71%); ST resistance to watch on the topside stands at 1.77% (100DMA). On the downside, key support to watch stands at 1.60%.

To read the full story

Close

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.