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Koruna On Back Foot, CZGB Curve Flattens

CZK

EUR/CZK operates +0.060 at 24.143 as greenback strength weighs on EM FX. Familiar technical levels remain in play.

  • Prime Minister Petr Fiala complained that high profits of local food companies should be reflected in lower prices for customers, adding that his government is exerting pressure on producers to that effect.
  • Pirate Party leader Ivan Bartos told his party colleagues that he asked the Prime Minister to consider dismissing Justice Minister Pavel Blazek, but the coalition eventually decided against ousting the heavyweight ODS politician.
  • CZGB yield curve has twist flattened at the margin. The PX Index has added ~0.3% on the day.

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