May 30, 2024 09:50 GMT
Koruna Extends Losses, EUR/CZK Approaches 200-DMA
CZK
EUR/CZK is testing key resistance from its 200-DMA (24.789) on the back of wider risk aversion. Last trading +0.024 at 24.762, the pair operates just below that moving average, with bulls looking for a break here, followed by a move towards the 50-DMA (25.079) and 100-DMA (25.102).
- CZGB yields generally sit higher at the margin, while the PX Index is little changed on the day and rests upon support from its 50-DMA.
- There is little of real note in Czech macroeconomic calendar today, which leaves local assets exposed to broader-picture developments.
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