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CZK: Koruna Edges Higher, Potential For Cross-Border M&A Flows Flagged

CZK

EUR/CZK last trades -0.031 at 25.232 and bears look for losses beyond the 100-DMA (25.206) and 50-DMA (25.189) en route to the psychologically important 25.0 figure. Bullish focus falls on Nov 6 high of 25.449.

  • Reuters reported that Germany's state-owned utility Uniper has been offered to Czech energy holding company EPH, which may translate into cross-border M&A flows.
  • CZGB yields have ticked higher across the curve. The PX Index sits 0.6% higher on the day, hitting its best levels since 2007.
  • The local economic calendar is very light this week.
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EUR/CZK last trades -0.031 at 25.232 and bears look for losses beyond the 100-DMA (25.206) and 50-DMA (25.189) en route to the psychologically important 25.0 figure. Bullish focus falls on Nov 6 high of 25.449.

  • Reuters reported that Germany's state-owned utility Uniper has been offered to Czech energy holding company EPH, which may translate into cross-border M&A flows.
  • CZGB yields have ticked higher across the curve. The PX Index sits 0.6% higher on the day, hitting its best levels since 2007.
  • The local economic calendar is very light this week.