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Koruna Lags Behind CE3 Peers

CZK

EUR/CZK has edged higher as the koruna continues to underperform its CE3 peers PLN and HUF, which occupy the top two spots in the EMEA FX scoreboard today. The rate last deals +0.041 at 24.470, with topside focus falling on Sep 12, 2023/Sep 29, 2022 highs of 24.659/24.700. Conversely, bears keep an eye on the 24.3 area.

  • Data released yesterday showed that Czechia's budget deficit narrowed in September due to the influx of windfall-tax payments. Finance Minister Stanjura commented that he expects fiscal shortfall not to exceed the CZK295bn full-year target.
  • CZGB yield curve has steepened today. The PX Index sits 0.15% lower on the session.

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