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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.
CZECHIA
- At 1pm (London time), the Finance Ministry will publish the quarterly update of its economic forecasts and fiscal outlook.
- Momentum on CZK has remained firm in recent days following CNB aggressive 125bps hike last week that surprised the market.
- The table shows that the koruna has been the second best performing currency so far this month (along with the ZAR) among the EM world, up 2.2% against the greenback.
- EURCZK continues to retrace lower this morning after recently breaking below its key support at 25.25; next level to watch on the downside stands at 25. On the topside, first resistance stands at 25.37, followed by 25.44 (50DMA).
- Czech 10Y yield has been consolidating slightly lower after its sharp upside move last Thursday; ST support to watch on the downside stands at 2.50%. On the topside, resistance to watch stands at 2.65%.
Source: Bloomberg/MNI
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.
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