MNI BRIEF: China Visitor Mobile Payments Surge in H1

MNI China Daily Summary: Friday, July 26

MNI BRIEF: Foreign Firms Content In China

MNI BRIEF: Turkish Inflation Expectations Steady- TEBA

MNI China Press Digest July 26: Deposit Rates, Fiscal, PBOC

MNI: PBOC Net Injects CNY299.05 Bln via OMO Fri

MNI: BAKER HUGHES US RIG COUNT 589; OIL RIGS 482; GAS RIGS 101

MNI: UNIV OF MICHIGAN CONSUMER SENTIMENT FINAL JUL INDEX 66.4

EZ/UK Bond Supply Calendar: BoE Short APF Operation on Monday

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Koruna Strengthens, Domestic Data In Focus

CZK
EM BulletHomepagemarkets-real-timeBulletEmerging Market News

EUR/CZK stays in a well-defined range since its sell-off lost steam in mid-May. The rate last deals -0.038 at 24.675, with bears eyeing further sales past Jan 8 low of 24.458. Bulls look for a rebound above the 200-DMA, which provides the initial layer of resistance at 24.800.

  • Domestic data take focus locally amid little in the way of other notable headlines. Expectation-beating wage data released yesterday seemingly led some desks to expect a slowdown in CNB rate cuts to 25bp/meeting as soon as this month. There was less of a reaction to April retail sales released this morning, which fell slightly short of expectations. Tomorrow the CZSO will release construction output, industrial production and trade balance for April.
  • CZGB yields sit a tad higher across the curve. The PX Index is little changed on the day.
135 words

To read the full story

Close

Why 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 stays in a well-defined range since its sell-off lost steam in mid-May. The rate last deals -0.038 at 24.675, with bears eyeing further sales past Jan 8 low of 24.458. Bulls look for a rebound above the 200-DMA, which provides the initial layer of resistance at 24.800.

  • Domestic data take focus locally amid little in the way of other notable headlines. Expectation-beating wage data released yesterday seemingly led some desks to expect a slowdown in CNB rate cuts to 25bp/meeting as soon as this month. There was less of a reaction to April retail sales released this morning, which fell slightly short of expectations. Tomorrow the CZSO will release construction output, industrial production and trade balance for April.
  • CZGB yields sit a tad higher across the curve. The PX Index is little changed on the day.