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Koruna Rangebound, 1-Week Implied Vol Rises Ahead Of CNB Rate Decision

CZK

EUR/CZK trades -0.013 at 25.274, with bears looking for losses past the round figure of 25.000 and Jan 2 high of 24.867. On the flip side, the initial layer of resistance is provided by Feb 15 high of 25.519.

  • Participants eye any comments out of today's budget committee meeting held at CNB headquarters to discuss the latest Monetary Policy Report.
  • CZGBs are firmer across the curve, with the short end outperforming. Czechia will today sell bonds maturing in 2033 and 2043.
  • The PX Index has advanced 0.6% this morning, with bulls taking aim at the psychologically significant 1,500 figure.
  • EUR/CZK 1-week implied volatility jumped as the countdown started for the Bank Board's rate decision on March 20.
  • The Board will hold its next meeting on a Wednesday rather than on a Thursday. This means that the media blackout starts this afternoon (14:00GMT/15:00CET).

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