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Koruna Weakens Into Weekend

CZK

EUR/CZK treads water ahead of the weekend, with local headline flow offering little of real note. The pair last operates +0.013 at 24.356, with bulls looking for a move through the 50-EMA at 24.421. On the flip side, bears keep an eye on Nov 29 low of 24.203.

  • Czechia's unemployment rate remained at 3.5% in November, in line with expectations. Separately, the government signed an agreement with healthcare trade unions, ending the earlier protests over salaries in the sector.
  • CZGB yields are marginally higher across the curve, while the PX Index is little changed on the day.

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