Polish PMI surprise to the downside, Czech PMI significantly better than expected
On Wednesday, the Czech koruna outperformed its peers and on the eve of the Czech National Bank’s (CNB) May meeting gained 0.3 %. Hence, the EUR/CZK pair hit 55 days moving average (25.69) and triggered a verbal response from some foreign players who bet on the central bank’s interventions. We still maintain our view that such bets are overdone.
Click here to read the full report: FX Daily
KBC