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Koruna Extends Winning Streak Amid Limited Domestic Headline Flow

CZK

Downside pressure on EUR/CZK remains since the CNB's pushback against "overdone" rate-cut pricing last week. The rate last deals -0.024 at CZK23.427, extending losses for the sixth consecutive session, as bears eye an attack on Mar 1 multi-year low of CZK23.343. Bulls look for a rebound above Mar 27 high of CZK23.808.

  • CZGBs are marginally firmer across the curve, while the PX index has added ~1.1%, crossing above resistance from its 50-DMA.
  • The local economic docket is virtually empty today.

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