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Koruna Extends Gains, Yields Continue To Creep Higher

CZK

The Koruna has strengthened versus the Euro, surpassing the Zloty as the second-best performer in EMEA space, amid limited headline flow across Eastern Europe. Having given back yesterday's advance, EUR/CZK trades -0.038 at CZK24.363 at typing. Initial downside focus is on channel floor at CZK24.338.

  • The PX index is little changed at typing, consolidating Thursday's 0.78% gain. The yield curve has bear flattened & yields sit 2.4-13.4bp better off as they continue to move higher.

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