December 01, 2022 10:50 GMT
Koruna Slips Amid Further Weakness In Czech Stocks
EUR/CZK changes hands +0.008 at CZK24.356. Familiar technical contours remain in play, with bulls looking for gains past Nov 25 high of CZK24.426 and bears keeping an eye on Nov 8 low of CZK24.244.
- Czech bond yields are 2.3-9.2bp lower across the curve, with 5s outperforming. The PX index remains under pressure, extending its recent losses, despite most global equity benchmark being in the green.
- Czechia's S&P Global Manufacturing PMI unexpectedly deteriorated to 41.6 in November from 41.7 prior, missing the consensus forecast of 42.6. Budget balance will take focus later in the day.