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Koruna Oscillates Near Neutral Levels After CNB Monetary Policy Decision

CZK

EUR/CZK last trades at CZK23.736, barely changed on the day. From a technical standpoint, losses past Jan 30, 2023/Oct 30, 2008 lows of CZK23.716/23.700 are needed to confirm that bearish momentum remains strong, while bulls keep an eye on the 50-DMA, which intersects at CZK24.096.

  • CZGB yield curve has twist flattened at the margin. The PX index has added ~0.1% and its broader uptrend remains intact.
  • The CNB holds a presentation for market analysts on its new economic forecasts. The central bank's rate-setting panel kept the main monetary policy parameters unchanged yesterday.

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