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Koruna Strengthens Amid Thin Domestic Headline Flow

CZK

EUR/CZK operates -0.020 at CZK23.998, with bears looking for further losses towards a 12-year low printed on Jan 9 at CZK23.927. On the flip side, bulls set their sights on the 50-DMA, which capped gains on Dec 30 and last intersects at CZK24.231.

  • CZGB yield curve has shifted higher amid light pressure to the broader FI space. The PX index sits ~0.2% lower on the session, with regional peers WIG20 and BUX also trading on a softer footing.
  • Politics continue to dominate Czech front pages, as Petr Pavel and Andrej Babis remain on campaign trail after advancing to a presidential run-off.
  • The CNB will release an update on its balance sheet at 13:00CET/12:00GMT.

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