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Koruna Tad Firmer, CPI Data Eyed

CZK

EUR/CZK trades -0.012 at 24.582, while CZGB yields are marginally mixed across the curve. Familiar technical levels remain in play, with bears eyeing a clean break below the 50-EMA at 24.521 followed by the 100-EMA at 24.420. Conversely, bulls take aim at Jan 2 high of 24.867.

  • Labour Minister Marian Jurecka appeared in the Constitutional Court to defend the government's pension reforms, which were passed by parliament in an expedited procedure. Jurecka argued that it was a "necessary and responsible step" to ensure that public finances remain sustainable.
  • The next point of note on the Czech economic agenda is the December CPI report, due for release tomorrow morning.

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