ING: CNB stance supports CZK against Euro
ING strategist Frantisek Taborsky notes that the Czech National Bank's policy stance is supportive for the koruna against the euro, even as CEE FX markets remain driven by US-Iran tensions and oil prices.
EURCZK
ING regional strategist Frantisek Taborsky commented that the Czech National Bank's (CNB) stance is providing support for the Czech koruna (CZK) against the euro (EUR).
While regional data from Poland and the Czech Republic are constructive, Taborsky noted that Central and Eastern European (CEE) foreign exchange markets remain primarily driven by US–Iran tensions and oil price movements.
Source: FXStreet Forex News