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CZK: Koruna Appreciates, Current-Account Surplus Wider Than Expected

CZK
EM BulletCzech RepublicBulletEmerging Market NewsCentral and Eastern EuropeCzechia

EUR/CZK changes hands -0.017 at 25.041 amid positive sentiment towards CEE assets. Bears look for losses towards the round figure of 25.0, while bulls keep an eye on Jan 17 high of 25.317.

  • CZGBs trade on a firmer footing amid geopolitics-inspired strength in CEE assets. The PX Index has added 0.3% this morning, refreshing all-time highs.
  • Comments from the CNB showed that core inflation ticked higher to +2.5% Y/Y in January from +2.4% prior, printing 0.1pp below the central bank's forecast.
  • Czechia's current-account surplus narrowed to CZK15.19bn in December from CZK30.01bn in the previous month, which exceeded consensus forecast of CZK7.35bn.
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EUR/CZK changes hands -0.017 at 25.041 amid positive sentiment towards CEE assets. Bears look for losses towards the round figure of 25.0, while bulls keep an eye on Jan 17 high of 25.317.

  • CZGBs trade on a firmer footing amid geopolitics-inspired strength in CEE assets. The PX Index has added 0.3% this morning, refreshing all-time highs.
  • Comments from the CNB showed that core inflation ticked higher to +2.5% Y/Y in January from +2.4% prior, printing 0.1pp below the central bank's forecast.
  • Czechia's current-account surplus narrowed to CZK15.19bn in December from CZK30.01bn in the previous month, which exceeded consensus forecast of CZK7.35bn.