CZK: Koruna Extends Losses Amid Light Local Docket

EUR/CZK trades +0.024 at 24.365 and bulls look for further gains towards Apr 30 high of 24.418. In the absence of local catalysts, broader-picture developments take precedence. Oil prices have ticked higher this morning, but Brent has stayed below $100/bbl. * CZGB yields stay close to neutral levels. The Finance Ministry is due to sell CZK2bn of 5.30% bonds maturing in 2035 and CZK1bn of floating-rate bonds maturing in 2043 in the competitive part of today's auction. * The PX Index is marginally softer on the day. * The local data docket is very light this week.