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Koruna Tad Firmer, Labour Ministry Briefing Eyed

CZK

EUR/CZK has traded on a heavier footing and last deals -0.020 at CZK23.942, with bears looking for a clean break under recent multi-year lows located at CZK23.927/23.926. This would open up scope for a sell-off towards Oct 30, 2008 low of CZK23.700. Meanwhile, bulls look for a rebound towards the 50-DMA, which intersects at CZK24.216.

  • CZGB yields are mostly higher across the curve amid light weakness in core FI space. The PX index has shed ~0.9% so far, printing its worst levels in a week.
  • In the absence of local data releases, the focus turns to a media briefing with Labour Minister Jurecka and any new updates on the ongoing presidential campaign.

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