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Koruna Lodges Gains, Yield Curve Bear Flattens

CZK

EUR/CZK has erased yesterday's advance and last trades -0.033 at CZK24.368, with bears looking for further losses towards channel floor at CZK24.338. A break here would bring Nov 8 low of CZK24.244 into play. Bulls look for a rebound above the 50-DMA/channel top at CZK24.481/24.502.

  • Czech gov't bond yields sit 3.5bp-12.2bp across the curve, with flattening impetus evident. 10-year yield has moved away from two-month lows printed yesterday.
  • V4 currencies outperform in EMEA space, albeit the Koruna fares worse than both PLN and HUF.
  • The domestic docket is virtually empty today, local news flow has been limited.
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EUR/CZK has erased yesterday's advance and last trades -0.033 at CZK24.368, with bears looking for further losses towards channel floor at CZK24.338. A break here would bring Nov 8 low of CZK24.244 into play. Bulls look for a rebound above the 50-DMA/channel top at CZK24.481/24.502.

  • Czech gov't bond yields sit 3.5bp-12.2bp across the curve, with flattening impetus evident. 10-year yield has moved away from two-month lows printed yesterday.
  • V4 currencies outperform in EMEA space, albeit the Koruna fares worse than both PLN and HUF.
  • The domestic docket is virtually empty today, local news flow has been limited.