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EURCZK Pierces Above Week's Highs on CNB Rate Decision

CZK
  • Kneejerk spike higher in EURCZK following the cut decision. 17 out of 23 economists surveyed by Bloomberg had been expecting the 25bp move.
  • The cross is through the week’s prior highs, placing it at its highest since Nov 14. Additional upside momentum could expose the Oct 26, 2023/Jul 7, 2022 highs of 24.747/24.979.
  • Statement and press conference follows at 1445GMT/1545CET.

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