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Free AccessKoruna Edges Lower, Looks To CNB Rate Decision Next Week
EUR/CZK has edged higher with CE3 FX space under some light pressure in the wake of yesterday's FOMC on-hold rate decision accompanied by a "higher-for-longer" message. Local headline flow has been limited today, with the CNB now in their blackout period.
- The pair last deals +0.029 at 24.425, with bulls targeting Sep 12, 2023/Sep 29, 2022 highs of 24.659/24.700. On the flip side, bears keep an eye on the former resistance zone around the 24.3 figure, which coincides with 23.6% Fibo of the YtD upleg.
- CZGB yield curve has shifted higher, with 3s underperforming. Local FRA contracts have ticked higher.
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.