Jan 23, 2017 - EURCZK floor removal

EURCZK floor removal

• No interest of Czech National Bank (CNB) to do it before 2016 year end
• Officially looking to wait until summer
• …but there are elections taking place in Oct 2017
• ...and CNB can eventually act soon, at the beginning of the year, so the dust around unhappy local businessmen has the time to settle before elections
• Please be aware of strong initial two-way volatility upon removal
• Still very risky and margin expensive trade despite likelihood of CZK strengthening
• Not sure whether CNB will do it in steps or not

Good luck Champs!

Mr Hawk

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