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Koruna Continues To Move Away From Multi-Year Highs

CZK

EUR/CZK gains for the fourth consecutive day and last changes hands +0.011 at CZK23.449. Should bulls manage to claim Mar 28 high of CZK23.820, they could eye a firmer rally. On the flip side, bears see Apr 14 low of CZK23.207 as their initial target.

  • The belly of the CZGB curve outperforms at typing, with 7s leading gains. The PX index, Czechia's equity benchmark, sits marginally below neutral levels.
  • Czechia's industrial PPI missed expectations, with price growth slowing to +10.2% Y/Y in March from +16.0% prior versus +11.3% expected. The Czech Statistical Office said that prices rose by 11.6% Y/Y in agriculture, 9.4% in construction and 5.7% in market services for businesses.

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