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CZK: Koruna Treads Water, PX Index Keeps Pushing Towards 1,800

CZK
EM BulletCzech RepublicBulletEmerging Market NewsCentral and Eastern EuropeCzechia

EUR/CZK trades flat at 25.159 with market participants looking for fresh catalysts. Familiar technical levels remain in play, with bears targeting the round figure of 25.0 and bulls setting their sights on Nov 6 high of 25.449 and Aug 1 high of 25.535.

  • The government projected an increase in total financing needs to CZK563.5bn for this year, followed by a decline over the following two years. Funding needs will represent 6.7% of GDP this year, according to an update from the Finance Ministry.
  • Czechia's trade surplus widened to CZK23.6bn in November, topping Bloomberg median estimate of +CZK18.6bn.
  • CZGB yields sit marginally lower across the curve. The PX Index has added 0.6%, extending its recent uptrend.
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EUR/CZK trades flat at 25.159 with market participants looking for fresh catalysts. Familiar technical levels remain in play, with bears targeting the round figure of 25.0 and bulls setting their sights on Nov 6 high of 25.449 and Aug 1 high of 25.535.

  • The government projected an increase in total financing needs to CZK563.5bn for this year, followed by a decline over the following two years. Funding needs will represent 6.7% of GDP this year, according to an update from the Finance Ministry.
  • Czechia's trade surplus widened to CZK23.6bn in November, topping Bloomberg median estimate of +CZK18.6bn.
  • CZGB yields sit marginally lower across the curve. The PX Index has added 0.6%, extending its recent uptrend.