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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
- In the past few months, we have seen that the aggressive tightening cycle run by the CNB has been supporting the CZK (relative to the Euro).
- The ECB is still running an ultra-loose monetary policy (maintaining an open-ended QE) and a rate hike is not expected until at least until H2 2023.
- EURCZK broke below its key support at 24.77 this week, which was the low reached in February 2020 before the March panic.
- Next level to watch on the downside stands at 24.50.
- Key support stands at 24.28, which corresponds to September 2012 lows.
Source: Bloomberg
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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