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Koruna Gains Alongside Local-Currency Bonds

CZK

EUR/CZK has lost some altitude and last changes hands -0.026 at CZK24.285, hitting its worst levels of the session. A descent towards Nov 8 low of CZK24.244 would please bears, while bulls look for a move through Nov 25 high of CZK24.426.

  • CZGB yields are broadly lower across the curve, with light steepening impetus evident. 10-year yield is close to erasing yesterday's advance.
  • The PX index is back to unchanged levels after printing new two-month lows earlier in the day. Poland's WIG20 trades on a softer footing, while Hungary's BUX has rallied.
  • The economic calendar lacks notable releases today, with Czechia set to publish its monthly current account balance on Wednesday.

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