MNI BRIEF: Chinese Rail Passenger Numbers Break Record

MNI: PBOC Net Injects CNY37.3 Bln via OMO Wednesday

MNI: PBOC Sets Yuan Parity Lower At 7.1843 Weds; -1.22% Y/Y

MNI BRIEF: Brazil Not Even Close To Fiscal Dominance - David

CORRECTED-MNI BRIEF: Brazil Inflation Rises To 4.87% In Nov

MNI China Daily Summary: Tuesday, December 10

EZ/UK Bond Supply Calendar: 4.25% Jul-34 Gilt Due Wednesday

EZ/UK T-Bill Calendar: 12-Month BOT Auction on Wednesday

MNI: JAPAN NOV CORP GOODS PRICE INDEX +3.7% Y/Y; OCT REV +3.6%

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Koruna Keeps Losing Ground

CZK

The koruna depreciates further, with EUR/CZK sitting +0.045 at 23.951. Bulls look for continued gains towards Mar 17 high of 24.137, a key near-term topside target. Bears see Jun 27 low of 23.573 as their initial target.

  • Participants are reconsidering CNB rate outlook after Deputy Governor Eva Zamrazilova suggested that the question facing policymakers now is when it will be possible to lower interest rates, indicating a shift in central bank deliberations. She also unveiled a slightly weaker outlook for the koruna than implied by the CNB's official projection. These comments came on the heels of long-standing hawk Tomas Holub's move to the rate-stability camp in the Bank Board, as well as a string of disinflationary data outturns.
  • The local economic docket is very light until the publication of advance Q2 GDP (Jul 31) and CNB monetary policy decision (Aug 3).
BulletEM BulletEmerging Market NewsHomepage
BulletEM BulletEmerging Market NewsHomepage

To read the full story

Close

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.