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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.
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Free AccessMNI US OPEN - ECB Set to Deliver Third Consecutive Cut
MNI China Daily Summary: Thursday, December 12
Koruna Inches Higher, PX Index Eases Off Cycle Highs
EUR/CZK trades with a slight bearish bias, last sitting -0.005 at CZK23.698. The rate has oscillated, printing a new multi-year low at CZK23.657 in the process. Losses past Aug 1, 2008 low of CZK23.445 would bring Jul 21, 2008 low of CZK22.877 into view. On the flip side, bulls look for a jump above the 50-DMA, which kicks in at CZK24.004.
- CZGB yields are mostly higher, even as they have reduced earlier gains. The PX index has pulled back from cyclical highs and last trades ~0.6% below yesterday's close.
- Czech headline flow has moved into a lower gear, with no major data releases expected through the remainder of this week. The Cabinet is set to debate the fresh economic forecasts today.
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Why MNI
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.