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EURCZK Gradually Approaching Key Support At 24.28

CZECHIA
  • EURCZK continues to retrace lower this morning, gradually approaching its key support tat 24.28 (Sep 2012 lows).
  • The strong policy divergence between CNB and ECB has been supporting the koruna, which is up nearly 15% since its low reach in March 2020.
  • Next key level to watch on the downside stands at 24.

Source: Bloomberg/MNI

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