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Koruna Garners Some Strength With Little Of Note In Domestic Headline Flow

CZK

EUR/CZK trades -0.039 at 25.291, with bears still looking for a test of the 50-DMA, which intersects at 25.234. A break here would open up round figure support (25.000) and Jan 2 high (24.867). Conversely, topside focus falls on Feb 15 high of 25.519. Within the CE3 region, the koruna outperforms the zloty (PLN/CZK -0.2%) but lags the forint (-0.1%).

  • Czechia extended the deadline for submitting offers to build a nuclear reactor and possible three more by two weeks in response to a request by Electricite de France (EDF). The announcement was made as French officials are in Prague to discuss nuclear energy with their local counterparts.
  • CZGB yields are under pressure, while the PX Index has added 0.4%, operating just shy of recent cyclical highs.
  • Czechia will publish February retail sales data tomorrow morning. Until then, the local data docket is empty.

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