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Koruna Garners Strength Ahead Of CNB MonPol Decision

CZK

EUR/CZK has now fully erased the previous day's gains, snapping a two-day winning streak, as CE3 currencies outperform the Euro. The rate trades -0.127 at CZK23.642 ahead of tomorrow's monetary policy decision from the CNB, who are expected to keep interest rates and the FX regime unchanged. Should bears manage to force their way through the nearby Mar 24 low of CZK23.580, they would set their sights on a multi-year low printed on Mar 1 at CZK23.343.

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