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CZK: EUR/CZK Briefly Dips to Session Lows on Rate Decision

CZK
  • EURCZK dipped lower immediately following the rate decision given most analysts had flagged risk of a larger 50bp cut (though 25bps was ultimately the unanimous consensus view), but the bulk of the move has since reversed with the cross close to flat at typing. 
  • The Jul 19/22 lows of 25.208 mark immediate support levels to watch, with today's high of 25.535 - EURCZK's highest level since March 2022 - the topside target.
  • Note the CNB's policy statement and press conference follow at 14:45BST/15:45CET.

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