SaxoTV

Czech mate for CZK? Euro floor will stay says central bank

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The Czech Central Bank has confirmed it’s had to intervene to preserve the peg with the Euro as the Koruna appreciated in value and approached the key 27 level. So are we building up to a similar scenario to the Swiss shock back in January?

Saxo Bank's Chief Economist Steen Jakobsen gives us a brief update on the EURCZK situation  as some banks and FX houses, including Saxo Bank, have been increasing margin requirements in order to help protect clients against any trading risk.