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CZK: Koruna Posts Gains For Third Consecutive Day

CZK

EUR/CZK trades -0.029 at 25.183 but still struggles to unwind gains registered on Jan 13 on the back of below-forecast CPI data and dovish CNB rhetoric. A dip through that day's low of 25.051 would bring the psychologically significant 25.0 figure into play. On the topside, bulls look for gains past Nov 6 high of 25.449.

  • CZGBs have strengthened across the curve, with 5s outperforming as we type. The PX Index extends recent gains, edging higher by 0.3% so far.
  • There is little in the way of tier-1 data releases in the Czech calendar this week, which should keep the focus on global developments, as the new US administration takes office.
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EUR/CZK trades -0.029 at 25.183 but still struggles to unwind gains registered on Jan 13 on the back of below-forecast CPI data and dovish CNB rhetoric. A dip through that day's low of 25.051 would bring the psychologically significant 25.0 figure into play. On the topside, bulls look for gains past Nov 6 high of 25.449.

  • CZGBs have strengthened across the curve, with 5s outperforming as we type. The PX Index extends recent gains, edging higher by 0.3% so far.
  • There is little in the way of tier-1 data releases in the Czech calendar this week, which should keep the focus on global developments, as the new US administration takes office.