Regional PMI’s significantly improved in June
Koruna is reluctant to stay below EUR/CZK 26.0
On Friday, the Czech koruna was gradually strengthening throughout the session but eventually settled “only” about 0.5% higher as few high-volume trades pushed the EUR/CZK pair back to the 26.0 level later in the afternoon. Clearly, markets are aware of Thursday’s “gentle notification” of the Czech National Bank that the likelihood of interventions had increased.
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KBC