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Koruna On Firmer Footing, Lower House OKs Pension Reforms

CZK

EUR/CZK trades -0.022 at 24.0054 in a further correction of the recent upswing, with bears seeking a move through 23.745, which limited losses in mid-July. Below there would open Jun 27 low of 23.573.

  • The Chamber of Deputies approved contentious pension reforms designed to curb budget deficit. The opposition cried foul as the Chamber passed a motion to set the fixed time of the vote on the legislation for 12:30BST, preventing further obstruction by opposition lawmakers.
  • The dust settles after yesterday's round of CNB comments, with officials leaning against excessive rate-cut bets.

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