Tag Archives: CZK
Emerging Markets Briefer
Cyprus, Hungary and global monetary accommodation Just as the global economy looked as if it was emerging from the Great Recession and investor confidence was returning, things turned negative.
Will Fed and BoJ save us from Hungary and Cyprus?
Just as it looked as though the global economy was on the way out of the great recession and investor confidence was returning, things turned negative.
UniCredit EEMEA Daily
News BG: Mixed – Activity indicators disappointed in November; MinFin sells BGN 50mn of 10½Y GBs at 5.35% (p2) CZ: Neutral – Dec CPI came in at 2.4% yoy / Nov retail sales expanded 0.5% yoy (p2) KZ: Positive – GDP growth was 7.5% in 2011, Prime Minister Karim Massimov wrote on Monday (p3) RO: […]
CEEMEA trade: CZK – safe but cyclical, add long EUR/CZK
We have been positive on the Czech Republic since the beginning of August via FX unhedged long CZGBs. The main reason for our bullish stance was the regional safe heaven status and very solid fundamental backdrop.