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Koruna Gains Along Regional Peers

CZK

EUR/CZK has paused its advance and eased off today, with CE3 currencies sitting atop the EMEA pile. The pair last changes hands -0.049 at 25.304, with bears looking for a move through the 50-DMA (25.153), round figure support (25.000) and Jan 2 high (24.867). On the flip side, the high print of Feb 15 provides the initial layer of resistance at 25.519.

  • Czechia's economic sentiment improved to 94.2 this month from 90.6 prior, after a two-month decline, amid recovery in both consumer and business confidence.
  • The CNB's rate decision was the highlight of last week in Czechia, with the central bank cutting its policy rate by 50bp (see our review here).

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