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Koruna Tad Firmer Ahead Of This Week's CNB Rate Decision

CZK

EUR/CZK trades -0.010 at 24.626, with the koruna lagging its CE3 peers (PLN & HUF). The technical picture is broadly unchanged, with bears eyeing the 24.3 support area. Bulls see Jul 7, 2022 high of 24.797 as their key initial target.

  • Czechia will release advance Q3 GDP data tomorrow at 08:00GMT/09:00CET. The CNB will release its comments on the data later in the day. Elsewhere, the central bank will announce its rate decision on Thursday.
  • Flattening impetus has affected CZGB yield curve, with short-end yields ticking higher while 7s outperform.

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