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CZK: Koruna Edges Lower Alongside CE3 Peers

CZK

EUR/CZK last deals +0.007 at 25.064. CE3 currencies trade on a softer footing amid broader greenback strength, but the koruna has weakened by a smaller margin than the PLN or HUF. Bulls look for a move towards Jan 17 high of 25.317, while bears keep an eye on the 25.0 round figure.

  • Local media outlets recirculated reports suggesting that Russia reiterated its demand for the withdrawal of NATO troops from the alliance's eastern flank during the latest round of talks with the US.
    • ANO leader Andrej Babis, whose party remains a clear front-runner in all opinion polls, reaffirmed his admiration for US President Donald Trump, but also said that he doesn't agree with Trump's call for an increase in defence spending.
  • Economic sentiment in Czechia ticked higher in February, slightly exceeding expectations, as better business confidence offset a modest deterioration in consumer confidence.
  • CZGB yields rebounded from initial lows. Curve runs a tad steeper at typing.
  • The PX Index operates close to the 2,000 mark.
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EUR/CZK last deals +0.007 at 25.064. CE3 currencies trade on a softer footing amid broader greenback strength, but the koruna has weakened by a smaller margin than the PLN or HUF. Bulls look for a move towards Jan 17 high of 25.317, while bears keep an eye on the 25.0 round figure.

  • Local media outlets recirculated reports suggesting that Russia reiterated its demand for the withdrawal of NATO troops from the alliance's eastern flank during the latest round of talks with the US.
    • ANO leader Andrej Babis, whose party remains a clear front-runner in all opinion polls, reaffirmed his admiration for US President Donald Trump, but also said that he doesn't agree with Trump's call for an increase in defence spending.
  • Economic sentiment in Czechia ticked higher in February, slightly exceeding expectations, as better business confidence offset a modest deterioration in consumer confidence.
  • CZGB yields rebounded from initial lows. Curve runs a tad steeper at typing.
  • The PX Index operates close to the 2,000 mark.