Czech koruna extends losses
Headlines Currencies: Czech koruna extends losses Fixed Income: CE bond markets will look at EMU and US releases Currencies The Czech koruna lost more ground yesterday, as a verbal intervention from CNB’s governor Tuma the day before continued to hit the currency. Hence, the EUR/CZK pair despite very strong hedging activity of stressed Czech exporters, still managed to move higher and set up fresh three weeks high at 23.83. Meanwhile the local press brings more and more stories, illustrating
Original post by Fundamental Market View