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Koruna Slips, Foreign Min To Discuss Geopolitics


EUR/CZK has edged higher and last operates +0.032 at 24.561, with bulls eyeing resistance from Sep 12, 2023/Sep 29, 2022 highs of 24.659/24.700. Bears look for losses past Sep 29 low of 24.306 and the 24.3 support area.

  • CZGB yields are higher across the curve amid an uptick in US Tsy yields. Czechia sold CZK5bn of floating bonds maturing in 2043 yesterday, attracting bid/cover ratio of 2.61x.
  • Czechia's Foreign Minister will discuss the wars in Ukraine and Israel after making a surprise visit to Jerusalem two days ago, becoming the first Western politician to come to the country since the attack by Hamas militants.

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