EURCZK AND THE CURRENCY RATE CAP DEBATE-12.01.2017

Hello Traders,
If you like trading exotic currency pairs, this is for you. There is news floating around that the Czech Republic Central Bank is planning to scrap the currency cap rate it had put in place back in November 2013. Read the following links and have the full information. If they do remove it, remember what happen to CHF in 2015? If done right, it could mean that you only trade once per year.
http://www.emergingeuropemonitor.com/economic-analysis-koruna-cap-stay-inflation-accelerating-2016-mar-2016
http://motls.blogspot.co.ke/2016/09/euro-koruna-cap-may-collapse-already-in.html
https://www.bloomberg.com/news/articles/2015-07-08/czech-koruna-approaches-euro-cap-intervention-policy-explained
https://www.bloomberg.com/news/articles/2016-09-26/czech-koruna-cap-end-won-t-spur-steep-gains-central-banker-saysHave a good trading day.

EURCZK Weekly chart-12.01.2017

Source: Dalmas Ngetich

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