Free Trial
INR

USD/INR Within Sight Of 83.00 Level

JGBS

20-Year JGB Supply Goes Poorly

BONDS

NZGBS: Off Bests Despite Weaker GDP Data

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access

Koruna Shows Light Weakness But Stays Near Multi-Year Highs

CZK

EUR/CZK has edged higher and last changes hands +0.020 at CZK23.946, hovering just above multi-year lows printed yesterday. Bulls need further gains past the 50-DMA (CZK24.209) to get some reprieve, while bears keep an eye on yesterday's trough (CZK23.897). Should it give way, bears would take aim at Oct 30, 2008 low of CZK23.700.

  • CZGB have advanced across the curve, with the belly of the curve underperforming. The PX index has added ~0.6% and is close to erasing yesterday's loss, albeit it continues to hold a familiar range.
  • The local economic docket remains virtually empty, which means that the main focus remains on the presidential campaign. A Median survey showed that 82% of Czech voters are planning to participate in the second round of the election, which points to the potential for a record-breaking turnout.
133 words

To read the full story

Why Subscribe to

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.

EUR/CZK has edged higher and last changes hands +0.020 at CZK23.946, hovering just above multi-year lows printed yesterday. Bulls need further gains past the 50-DMA (CZK24.209) to get some reprieve, while bears keep an eye on yesterday's trough (CZK23.897). Should it give way, bears would take aim at Oct 30, 2008 low of CZK23.700.

  • CZGB have advanced across the curve, with the belly of the curve underperforming. The PX index has added ~0.6% and is close to erasing yesterday's loss, albeit it continues to hold a familiar range.
  • The local economic docket remains virtually empty, which means that the main focus remains on the presidential campaign. A Median survey showed that 82% of Czech voters are planning to participate in the second round of the election, which points to the potential for a record-breaking turnout.