May 24, 2024 09:18 GMT
Koruna Near Familiar Levels, Economic Confidence Weakens In May
CZK
EUR/CZK trades -0.009 at 24.717 and remains in consolidation phase. Losses past May 16 low of 24.641 would revive bearish interest, drawing attention to Jan 8 YtD low of 24.458. On the flip side, a move through the 200-DMA (24.777) would expose the 100-DMA (25.099) and the 50-DMA (25.124).
- CZGB yields have advanced across the curve, despite a modicum of strength in core FI markets. The PX Index has shed 0.4% this morning, moving away from recent cyclical highs.
- Economic sentiment in Czechia fell to 96.4 in May from 97.0 prior, missing the consensus forecast of 97.3. This was underpinned by downticks in both the consumer and business sentiment gauges.
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