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MNI: PBOC Sets Yuan Parity Lower At 7.1305 Thurs; -0.79% Y/Y

CHINA PBOC CONDUCTS CNY2 BILLION VIA 7-DAY REVERSE REPOS THURS

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MNI: GERMANY MAY FACTORY ORDERS -1.6% M/M

MNI: SWISS JUN UNEMPLOYMENT -0.9% M/M, +22.8% Y/Y

Australia May Exports +2.8%; Imports +3.9%

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MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

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Koruna Edges Higher, Government Faces Political Headwinds

CZK

EUR/CZK trades -0.022 at 24.368, probing the water below the 23.6% retracement of the YtD range at 24.384 and testing Nov 3 low of 24.365. Bears look for a further move towards the 24.3 support area. Conversely, bullish focus falls on Oct 26, 2023/Jul 7, 2022 highs of 24.747/24.797.

  • Trade unions are holding a nationwide strike led by educations sector workers, with most schools across the country shuttered as a result. Some manufacturing plants are also halting their operations. The strike comes on the back of the adoption of a package of austerity measures by Prime Minister Fiala's government, which have provoked backlash in the society.
  • The latest CNN Prima/STEM opinion poll showed that Fiala's ODS (11.6%) continues to trail opposition parties ANO (33.2%) and SPD (12.0%).
  • Moody's changed Czechia's rating outlook to stable from negative, thanks to the government's efforts to reduce fiscal gaps and improve energy security.
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