The Czech Republic just lifted its koruna cap

The Czech central bank lifted its koruna cap on Thursday, after which the currency oscillated wildly before gaining ground.
The Czech koruna is up by 1.3% at 26.6830 per euro as of 7:53 a.m. ET.
"The Bank has said little so far, other than that interest rates have been left unchanged and that it stands ready to intervene in the FX market if needed to prevent excessive currency moves," William Jackson, senior emerging markets economist at Capital Economics, wrote.
"The move came ea