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Koruna Firms, CZGB Yield Curve Bear Steepens

CZK

EUR/CZK trades -0.030 at CZK23.882 and a familiar technical picture remains in play. The Koruna lodged new 14-year highs versus the Euro earlier this morning.

  • CZGB yield curve has bear steepened, with 7s underperforming as we type. The PX index has climbed to new cyclical highs amid the apparent completion of a bull flag pattern.
  • Petr Pavel retains a comfortable lead of 15-16pp over his rival Andrej Babis, several opinion polls showed, with betting markets still showing preference for the retired army general. The outcome of the race for the Czech presidency will be known this weekend, with polling stations set to close at 14:00CET on Saturday.
  • Data on business and consumer sentiment in Czechia will be published tomorrow morning.

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