EUR/CZK to drift slightly lower in coming months, then follow more sideways profile over 2024-25 – Commerzbank

FXStreet Insights Team FXStreet

The Czech Koruna (CZK) was a notable underperformer among CEE over the past year. Economists at Commerzbank analyze the EUR/CZK outlook.

Not expecting much rebound

The Czech Koruna will probably stabilise in coming months as inflation moderates by more than rates will be cut.

But later in 2025, we forecast the CZK to depreciate, once again, on the back of a weaker Euro (EUR), and also on the back of stubborn wage and core inflation which could re-accelerate in the medium term.

Source: Commerzbank Research

Author

FXStreet Insights Team

FXStreet

The FXStreet Insights Team is a group of journalists that handpicks selected market observations published by renowned experts. The content includes notes by commercial as well as additional insights by internal and external analysts.

AUD/USD holds firm near 0.7000 after Chinese inflation, trade data

AUD/USD stays firm near 0.7000 in Wednesday’s Asian session, picking up some bids after China's mixed inflation and upbeat trade data. CPI rose less than expected in September, while PPI inflation picked up. Meanwhile, the Chinese trade surplus unexpectedly widened in September. The pair remains underpinned by a broadly subdued US Dollar, despite the Middle East escalation, as focus remains on US CPI data.

USD/JPY consolidates near 158.50; looks to US CPI for fresh impetus

USD/JPY stays range-bound near 158.50 in the Asian session on Wednesday, with looming intervention risks supporting the Japanese Yen and capping upside amid a softer US Dollar. However, geopolitical uncertainties act as a tailwind for the safe-haven USD and the pair. Traders also seem hesitant ahead of the release of the latest US inflation figures.

Gold nears $4,100 after hot US inflation

Gold extends losses in the American session on Wednesday, following the release of hotter-than-anticipated US CPI. The CPI figure shows that September inflation rose 3.7% YoY, boosting demand for the US Dollar.

XRP recovery faces headwinds despite Ripple and Meritz Securities' tokenization push in Korea

XRP trades above $1.36 as bulls gather momentum to face a critical supply range toward $1.40. Ripple and Meritz Securities partner to explore institutional custody and tokenization services for South Korea’s capital markets.

A historic Treasury rout is underway. Investors are buying it at record size

Long-term Treasury yields climbed to their highest since 2002 in early October, and investors are taking record shares of the government's new debt at auction. The selling is coming from investors protecting other bets, not from buyers walking away.

Has Bitcoin really escaped the macro forces it was built to fight?

Over 17 years ago, Satoshi Nakamoto designed Bitcoin (BTC) on the back of a global financial crisis as an alternative to the global monetary system outside the control of central banks, governments and traditional intermediaries. This raises a key question: has Bitcoin really become independent of the macroeconomic forces it was built to challenge?