Free Trial

Koruna Outperforms CE3 Peers But EUR/CZK Advances

CZK

Broader greenback strength weighs on the CE3 FX space, with EUR/CZK trading +0.039 at 24.757. A move through the 200-DMA (24.816) would open up the 50-DMA (24.939) and 100-DMA (25.092). Conversely, the focus on the downside falls on Jun 7 low of 24.537 and Jan 8 low of 24.458.

  • PLN/CZK trades through the 200-DMA, hitting new five-month lows. CZK/HUF crossed the 16.0 figure earlier this week and now trades near its best levels in nine months.
  • There has been little in the way of market-moving headlines flowing out of Czechia since the release of a transcript of the CNB Governor's speech yesterday.
  • CZGBs are mostly marginally higher; the PX Index has shed 0.9%, printing new cyclical lows (worst levels since Apr 2).

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.