© 1982-2023 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

(RPT)MNI INTERVIEW: Fed Upside Surprise To Drag On Housing-MBA

MNI BRIEF: Jan Aug Factor Output Flat M/M; Auto Drops

MNI BRIEF: Japan Sept Tokyo Core CPI 2.5% Vs. Aug 2.8%

MNI: FRANCE SEP HICP -0.6% M/M, +5.6% Y/Y

MNI: FRANCE AUG CONSUMER SPENDING -0.5% M/M, -1.9% Y/Y

MNI: FRANCE AUG PPI +0.6% M/M, -1.4% Y/Y

MNI BRIEF: Canada Shows No Progress Closing Housing Shortfall

MNI BRIEF: Highlights From BOC Governor Macklem Speech

MNI BRIEF: Finance Minister Calls BOC Pause 'Welcome Relief'

Koruna Loses Ground, Budget Balance On Tap

CZK
BulletEM BulletEmerging Markets NewsHomepage

EUR/CZK has turned bid this morning and last deals +0.059 at 24.125, with bulls taking aim at the 24.3 resistance zone. Bears look for a pullback towards round figure/Aug 21 low of 24.000/23.977. When this is being typed, CZGB yields sit higher across the curve.

  • Czechia's S&P Globala Manufacturing PMI improved to 42.9 in August from 41.4 prior versus 41.8 expected. Komercni banka observed that "crucially (...) expectations for output over the next twelve months remained positive in August, with the level of confidence improving further from July."
  • President Pavel is yet to sign the government's pension reforms, even as Prime Minister Fiala told him that every month of delay will cost the state budget billions of korunas. Pavel is expected to discuss his views on the matter later today.
  • The Finance Ministry will release monthly budget balance at 12:00BST/13:00CEST.
137 words

To read the full story

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.

EUR/CZK has turned bid this morning and last deals +0.059 at 24.125, with bulls taking aim at the 24.3 resistance zone. Bears look for a pullback towards round figure/Aug 21 low of 24.000/23.977. When this is being typed, CZGB yields sit higher across the curve.

  • Czechia's S&P Globala Manufacturing PMI improved to 42.9 in August from 41.4 prior versus 41.8 expected. Komercni banka observed that "crucially (...) expectations for output over the next twelve months remained positive in August, with the level of confidence improving further from July."
  • President Pavel is yet to sign the government's pension reforms, even as Prime Minister Fiala told him that every month of delay will cost the state budget billions of korunas. Pavel is expected to discuss his views on the matter later today.
  • The Finance Ministry will release monthly budget balance at 12:00BST/13:00CEST.