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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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Free AccessKoruna Tad Weaker, Retail Sales Shrink Again
EUR/CZK has inched higher today, moving in sync with EUR/PLN, and last trades +0.033 at CZK23.786, off the CZGB 23.840 session high. The rate has now moved through its 50-DMA (CZK23.770) and a close above that moving average would represent a bullish development, with next topside target provided by Feb 6 high of CZK24.023. Conversely, bears look for a resumption of losses towards Mar 1 low of CZK23.343.
- CZGB yields are generally slightly firmer across the curve, while the PX index has edged higher following a steep three-day decline.
- The annual decline in Czech retail sales slowed to 7.7% in January from December's revised 8.1%, with consensus expecting a 7.9% contraction. The local statistics office said that "stores selling food and non-food goods reported lower sales, while sales of motor fuels grew."
To read the full story
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.