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Koruna Holds Narrow Range, Parliament Debates Pension Reforms

CZK

EUR/CZK is virtually unchanged on the day at 23.767, with weekend headline flow offering no notable catalysts. Familiar technical levels remain in play, with bears looking for a move through Jun 27 low of 23.573. Conversely, topside focus falls on Mar 17 high of 24.137.

  • The Chamber of Deputies continues to debate measures to curb budget deficits. This week, lawmakers will discuss reforms of Czechia's pension system, the details of which will be presented by Labour Minister Jurecka this morning.
  • There is little in the way of scheduled risk events in Czechia this week. The data docket includes June PPI, due Wednesday.
  • The CZGB yield curve has twist flattened, while local equity benchmark PX Index sits marginally below neutral levels.

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