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EURCZK Approaches 50-Day EMA on Vote Split Announcement

CZK
  • EURCZK trading just below the day’s prior lows at typing on the back of the CNB vote split announcement and policy statement. 24.448 – the 50-day EMA – marks the immediate support level to watch. Price has not traded below this average since late June.
  • Sell-side consensus had been evenly split between a hold and cut decision, so a 5-2 vote split might be considered as relatively hawkish at the margin.

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