Koruna Holds Tight Range, Looks For Fresh Catalysts

EUR/CZK last changes hands +0.006 at 24.669 and bulls look for a move through the 200-DMA (24.815), which capped gains in the second half of May and into June. Bears look for a resumption of losses past Jun 7 low of 24.537 and Jan 8 low of 24.458.

• Czechia's current account surplus narrowed more than forecast to CZK27.95bn in April from the revised CZK58.91bn in March versus CZK30.56bn expected.
• Seznam Zpravy reports that ANO petitioned the Constitutional Court to review parts of the government's pension reform.
• Otherwise, headline flow out of Czechia has been relatively thin, resulting in uninspiring price action on domestic financial markets.
• CZGBs trade slightly on the back foot at typing, while the PX Index sits just shy of neutral levels.