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Koruna Inches Lower In Holiday-Thinned Trade

CZK

EUR/CZK continues to operate in close proximity to the 25.0 figure, with Czech markets closed for a public holiday. When this is being typed, the pair deals +0.017 at 25.057. A break above the 50-DMA at 25.253 is needed to bring Feb 15 cycle high of 25.519 into play again. Conversely, bears look for losses towards Jan 2 high of 24.867.

  • The CZSO will release March retail sales data tomorrow at 08:00BST/09:00CEST. Later this week, on Friday the CNB will publish the minutes of its most recent monetary policy meeting, which resulted in a unanimous decision to cut rates by 50bp.

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