S&P 5007,765.36▼0.5% Nasdaq27,193.34▼1.2% Dow51,231.64▲0.1% Russell 2K2,794.13▲0.0% 10-Yr5.23%−5bp VIX15.41+0.33 WTI$91.10▲3.2% Gold$4,157.80▲0.4% EUR/USD1.122▼0.3% BTC$81,907▼1.4% Nikkei70,036▼0.9%
At close · Thu, Oct 8, 2026
Daily Market Updates.

Forex

Home›Forex›Central Banks›Czech inflation surprise strengthens case for hawkish…

Czech inflation surprise strengthens case for hawkish CNB

Societe Generale cited a rise in Czech inflation from 1.9% in August to 2.5% in September, keeping focus on core and services data ahead of a potential November CNB move.

Societe Generale said a surprise upside in Czech inflation has reinforced the Czech National Bank’s hawkish stance, a view that is seen as supportive for the Czech koruna against the euro.

In a note cited by FXStreet, the bank pointed to inflation rising from 1.9% in August to 2.5% in September, while noting that policymakers have signaled the next CNB move could be either a hold or a hike.

Attention now turns to a data breakdown scheduled for October 13, specifically core and services inflation, which the outlet said could determine whether underlying price pressures remain strong enough to support further tightening.

With a higher probability of additional tightening, the material says there is a risk that EUR/CZK could move sustainably below 24.50.

More like this

Sources

Get the close, explained.

One email every trading day: what moved, why it moved, and what's on deck tomorrow. Read in 3 minutes.

Free. Unsubscribe anytime.