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Koruna Ticks Higher Ahead Of CNB Speak

CZK

EUR/CZK trades -0.024 at 24.445, with bears setting their sights on Sep 29 low of 24.306 and the 24.3 support area. On the topside, the focus falls on Sep 12, 2023/Sep 29, 2022 highs of 24.659/24.700.

  • Czechia's industrial output shrank 1.7% Y/Y in August, but by less than the expected 2.9%. Trade deficit printed at -CZK3.8bn, was narrower than the expected -CZK4.0bn. The unemployment rate stayed unchanged at 3.6%.
  • CZGB yields have dipped across the curve, despite pressure to Polish and Hungarian debt. The PX Index has added 0.25%.
  • CNB Deputy Governor Jan Frait will discuss unconventional monetary policy at a seminar later today.

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