This is another long trade of mine. Similar to Japanese Yen, I think Czech Crown is artificially propped up, so the Euro price in terms of crowns doesn't extend above 24.5 This can be deducted from CNB's balance sheet.
Czech Republic has among worst inflations out of EU bloc, and therefore this should be reflected in the currency's strength (in the form of weakness). I think it will go back to about 24.5 - 24.6 where I would take my profits and await next intervention.
Czech Republic has among worst inflations out of EU bloc, and therefore this should be reflected in the currency's strength (in the form of weakness). I think it will go back to about 24.5 - 24.6 where I would take my profits and await next intervention.
