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Koruna Trims Some Losses, PX Index Gives Away Gains

CZK

EUR/CZK has moved away from session highs and now trades +0.050 at CZK23.821. The previously described technical contours remain in play, with bulls keeping an eye on the 50-DMA, which intersects at CZK24.087.

  • CZGB yield curve has bear steepened today, as local-currency bonds decline amid broader weakness in the global FI space. The PX index has eased off and trades ~0.1% lower after failing to make any headway beyond Friday's cycle high.
  • CNB Deputy Governor Eva Zamrazilova will attend the opening of an exhibition on the establishment of separate Czech and Slovak currencies tonight, according to CTK newswire. It it unclear if she will make any comments on monetary policy matters.

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