The Czech currency extended its Asian session gains against the US dollar in early trading on Tuesday after the report showed that the Czech PMI moved above 50 in November. The koruna climbed to a 5-day high of 17.2155 against the US dollar before moving on holding pattern around 4:00 am ET.

Czech Purchasing Manager Index rose to 50.6 in November from 49.8 in October, supported by increases in both production and new orders. A figure above 50 in the index indicates expansion.

The domestic currency has thus far appreciated by more than 3.6 percent against the greenback since last week's 24-day low of 17.8695. If the koruna ticks up further, it may challenge resistance near the 17.20 level. The greenback-koruna pair, which closed Monday's deals at 17.43, is presently quoted at 17.24.

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