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Koruna Reverses Gains, Underperforms Both CE3 Peers

CZK

EUR/CZK has clawed back its earlier losses and now swings to a gain despite little in the way of notable domestic headline flow. The rate deals +0.014 at CZK23.416, with bulls looking for gains towards Mar 28 high of CZK23.820.

  • CZGBs are firmer across the curve, which falls in line with a trend in the CE3 region. The PX index sits marginally above neutral levels.
  • Hospodarske Noviny reported that a senior CNB staffer is set to quit the central bank amid disagreements between the central bank's analysts and the new management.
  • This came after Deputy Governor Zamrazilova reiterated her preference for a smooth rate path, which contrasts with staff recommendations.

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