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CNB Says It Has Intervened To Support CZK

CZECHIA
  • *CZECH CENTRAL BANK SAYS IT INTERVENES TO SUPPORT KORUNA (BBG)
  • Selling pressure soared yesterday following Michl's nomination as new CNB governor.
  • EURCZK consolidates lower following the CNB headline after finding resistance slightly below the 25.50 level in the past two days (25.4770 is the the 38.2% Fibo retracement of the 24.0940 – 27.7150 range)

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