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CZK: Koruna Extends Yesterday's Gains

CZK
EM BulletCzech RepublicBulletEmerging Market NewsCentral and Eastern EuropeCzechia

EUR/CZK trades -0.025 at 25.107. There has been little in the way of market-moving headlines locally. The technical picture remains broadly the same, with bears looking for a convincing breach of the 25.0 figure, while bulls keep an eye on the 100-DMA (25.192) and 50-DMA (25.206).

  • The koruna has generally fared better than implied by the CNB's Autumn Forecast, which suggested that EUR/CZK would average at 25.37 in 1Q25.
  • CZGB yields are mostly a tad lower across the curve. The PX Index has inched lower but the broader uptrend remains intact.
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EUR/CZK trades -0.025 at 25.107. There has been little in the way of market-moving headlines locally. The technical picture remains broadly the same, with bears looking for a convincing breach of the 25.0 figure, while bulls keep an eye on the 100-DMA (25.192) and 50-DMA (25.206).

  • The koruna has generally fared better than implied by the CNB's Autumn Forecast, which suggested that EUR/CZK would average at 25.37 in 1Q25.
  • CZGB yields are mostly a tad lower across the curve. The PX Index has inched lower but the broader uptrend remains intact.