April 2017

 

Fundamental Analysis

In April, the EUR/USD showed an upward trend.

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Technical Analysis

April was marked by an uptrend.

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Czech Republic ends Exchange Rate commitment.

On the 6th April, the Czech Republic Central Bank (CNB), after the extraordinary monetary policy meeting decided to cease its exchange rate commitment and let the Czech currency, Czech Koruna (CZK), float freely. Before the decision, the parity was at 1€=27.000 Kč. The CNB returned to the conventional monetary policy regime, in which interest rates are the main instrument. The Bank Board did not discuss interest rate settings, remaining unchanged at 0.05% since 2013. (Source: CNB)

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Did you know...

... FOMC’s voting rights have a partially rotating scheme?

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