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Koruna Tad Firmer, Industrial PPI Inflation Slows

CZK

EUR/CZK trades -0.013 at 24.686 at typing, holding a relatively tight range close to yesterday's cyclical highs. Bears look for losses towards Sep 29 low of 24.306, while bulls eye Oct 12 high of 24.727 for initial resistance.

  • CZGB yields are higher, curve runs flatter as the short end underperforms. The PX Index has inched higher this morning.
  • Czechia's industrial PPI inflation eased to +0.8% Y/Y in September from +1.8% versus +1.0% expected, which bodes well for future disinflation.

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