Free Trial

Koruna Outperforms In EMEA Space

CZK

EUR/CZK snaps a two-day winning streak and falters, last trading -0.088 at CZK23.419. On the downside, technical focus is on CZK23.207, which limited losses on Apr 14. Conversely, bulls look for a break above the 50-DMA, which kicks in at CZK23.586.

  • CNB Deputy Governor Eva Zamrazilova reaffirmed the central bank's "higher-for-longer" message in her latest interview with E15 magazine. The official said that a "short, drastic" interest-rate intervention would not help contain inflation, but the CNB is not close to loosening monetary settings either.
  • The belly of the CZGB curve underperforms, while 2s and 15s sit in positive territory. The PX index refreshed multi-week highs at 1,427.

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.