The Czech Koruna is seen extending the sideline theme vs. its European peer for the time being, suggested Analysts at Danske Bank. Key Quotes “Despite the June CNB hike, EUR/CZK continues to trade around 25.90 and we project the cross to continue to hover around current levels in the short term”. “In the medium term, we expect the CZK to return to its moderate strengthening path, as the Czech macroeconomic backdrop remains very favourable and the CNB is likely to deliver its next interest rate hike within the coming months”. “This said, we expect the depreciation pace to abate compared with 2017, as the Czech economy shifts into a lower gear and the ECB is also gradually moving towards policy normalisation. We leave our forecasts for EUR/CZK unchanged at 25.70 in 1M, 25.50 in 3M, 25.00 in 6M and 24.80 in 12M”. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next GBP/USD Review: Surrenders UK jobs data-led uptick, dips below 1.3200 handle FX Street 5 years The Czech Koruna is seen extending the sideline theme vs. its European peer for the time being, suggested Analysts at Danske Bank. Key Quotes "Despite the June CNB hike, EUR/CZK continues to trade around 25.90 and we project the cross to continue to hover around current levels in the short term". "In the medium term, we expect the CZK to return to its moderate strengthening path, as the Czech macroeconomic backdrop remains very favourable and the CNB is likely to deliver its next interest rate hike within the coming months". "This said, we expect the depreciation pace to abate compared… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
