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Koruna Inches Higher In Morning Trade

CZK

EUR/CZK trades -0.019 at CZK23.498 with participants watching familiar technical levels. Bears take aim at Apr 14 low of CZK23.207, while bulls look for a rebound above the 50-DMA, which intersects at CZK23.578.

  • EUR/CZK 1-week implied volatility advanced today, printing its highest levels since April 4. This comes ahead of monetary policy decision from the CNB (May 3) and ECB (May 4).
  • Czech FRAs have edged higher today as market participants continue to assess the latest communications from Bank Board members.
  • CZGBs are slightly weaker across the curve at typing. The PX index has added ~0.4% thus far.

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