Koruna Edges Lower, Parliament Discusses Budget
EUR/CZK trades +0.042 at 24.503 at typing, with little of real note on local news wires. Bulls look to force a break above Oct 26, 2023/Jul 7, 2022 highs of 24.747/24.797. On the downside, bears take aim at Nov 3 low of 24.365 and a break here would expose the 24.3 support area.
- The Chamber of Deputies debates the 2024 budget bill in second reading today. The main parameters of the spending plan can no longer be changed, but lawmakers may still propose to move money around within the previously accepted general framework. The main opposition ANO party proposed dozens of amendments, which may prolong the discussion.