MNI BRIEF: China-Based UK Firms Facing Challenges

MNI: PBOC Net Drains CNY248 Bln via OMO Tuesday

MNI: PBOC Sets Yuan Parity Higher At 7.1996 Tue; -1.92% Y/Y

MNI NBP WATCH: Another Policy Hold, Dovish Communications Tilt

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

MNI: PBOC Net Drains CNY216 Bln via OMO Monday

MNI:AUSTRALIA Q3 CURR ACCT BALANCE -14149M

MNI: UK BRC NOV BY VALUE SHOP SALES LFL -3.4% YY, TOTAL -3.3% YY

EZ/UK T-Bill Calendar: Spain, Belgium, ESM Auction on Tuesday

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

MNI EXCLUSIVE: German Turmoil Dashes EU's Joint-Funding Hopes -Officials

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

Koruna Loses Ground, Paring Yesterday's Advance

CZK

EUR/CZK has retraced the bulk of its yesterday's dynamic sell-off to last change hands +0.074 at 24.594. From a technical standpoint, bulls look for a move through Jan 2 high of 24.867. On the flip side, a sustained break below the 50-EMA (24.518) would open up Dec 25 low of 24.373.

  • CNB's Jan Prochazka said that the central bank will proceed "very cautiously" with its rate-cutting cycle while assessing the situation on a meeting-by-meeting basis. He noted that "we can halt [the easing cycle] at any time, we can accelerate it at any time".
  • Czechia's unemployment rate ticked higher to 3.7% in December from 3.5% prior, matching the median estimate in a Bloomberg survey.
  • The CNB's international reserves increased to $147.4bn in December from the revised $142.5bn a month before.
  • CZGB curve has twist steepened to a degree, with yields last seen -6.7bp to +3.2bp.
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.