MNI China Daily Summary: Thursday, June 13

MNI BRIEF: China Ready To Safeguard Interests After EU Tariffs

MNI: PBOC Conducts CNY2 Bln Via OMO Thurs; Liquidity Unchanged

MNI: PBOC Sets Yuan Parity Lower At 7.1122 Thurs; -1.79% Y/Y

CHINA PBOC INJECTS CNY2 BILLION VIA 7-DAY REVERSE REPOS THURS

CHINA SETS YUAN CENTRAL PARITY AT 7.1122 THURS VS 7.1133

Industrial Production Disappoints With Weakness Driven by Ireland and Italy

MNI: EUROZONE APR IP -0.1% M/M, -3% Y/Y

Wage Growth Expectations Unsurprisingly Revised Higher

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

MNI: Growth Drag From Net Zero Carbon Goal Can Be Offset-OECD

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Koruna Ticks Higher But Remains Worst EMEA Performer This Week

CZK

EUR/CZK has lost some altitude and last deals -0.016 at 24.115, but remains comfortably above the psychologically significant 24.00 figure. A break below there and Aug 21 low of 23.977 would bring the 200-DMA at 23.834 into view. Bulls look to force a breach of resistance area around the 24.3 figure.

  • The koruna has been the worst performer in EMEA FX space, which might reflect its increased vulnerability to external shocks after the removal of the CNB's intervention regime. Note that central bank members have suggested that the planned sales of proceeds from FX holdings will be conducted in such a way as to minimise the impact on the FX market.
  • Legislative works on the fiscal consolidation package continue to draw attention after the ruling coalition agreed on the final shape of austerity measures.
  • CZGB yields have ticked higher across the curve, while the PX Index is little changed on the day.
BulletEM BulletEmerging Market NewsHomepage
BulletEM BulletEmerging Market NewsHomepage

To read the full story

Close

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.