The Czech National Bank ended its regime limiting koruna appreciation, setting in motion one of this year’s biggest currency trades that’s attracted as much as $65 billion in estimated speculative capital. The central bank’s board voted to exit the Swiss-inspired intervention regime at a meeting in Prague on Thursday, removing a policy that kept the koruna weaker than 27 per euro for more than three years. The decision, announced in a statement on the bank’s website, came a week after its pledge to keep the one-sided peg in place expired in March. It triggered moves sending the koruna both above and below the level ... (full story)