Free Trial

Koruna Gains Alongside Local-Currency Bonds


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.

To read the full story


MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.