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Koruna Edges Higher Along Regional Peers

CZK

EUR/CZK has edged lower this morning, testing the 24.00 figure again. When this is being typed, the rate deals -0.031 at 24.002, with broader greenback weakness lending some support to CE3 FX. From a technical standpoint, a sustained move through 24.00 would expose the 200-DMA, which kicks in at 23.838. On the topside, the focus falls on resistance area located around the 24.30 figure.

  • The government will today discuss possible amendments to its fiscal consolidation package with trade unions and employers. One of the items on the agenda are tax incentives for employee benefits.

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