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Koruna Struggles For Clear Direction, Lawmakers Might Vote On No-Confidence Motion Tonight

CZK

EUR/CZK operates +0.012 at CZK23.955, after struggling to follow through on a brief foray to new 12-year lows. Familiar technical levels remain in play.

  • Core FI bid has spilled over into CZGB space, with local yield curve running flatter as we type. The PX index remains on the front foot, albeit it is yet to test recent cyclical highs.
  • Lawmakers remain locked in a debate on a no-confidence motion against Prime Minister Fiala's government. Lower house speaker Adamova told Seznam Zpravy that the sitting should be concluded with a vote today, hopefully by midnight.
  • The Czech economic docket remains virtually empty through the remainder of this week.

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