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Koruna Slips, CNB Speak Eyed

CZK

EUR/CZK has edged higher but struggles to test the prior trading day's high. The pair last deals +0.013 at CZK23.613, with bulls looking for gains towards the 100-DMA/May 1 high at CZK23.695/23.705. Bears need sales past May 9 low of CZK23.340 to bring Apr 14 low of CZK23.207 into play.

  • CZGB curve runs steeper at typing, with the 7-10 sector underperforming. The PX index has shed ~0.7%, printing its worst levels since early April.
  • CNB Governor Ales Michl and Deputy Governor Eva Zamrazilova will discuss inflation and monetary policy at an event in Prague later today.

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