The Czech koruna firmed to its new all-time high of 28,16 CZK/EUR today. Yesterday, the new data on foreign trade and inflation improved market sentiment on the Czech currency . Today, it was a positive influence of the region that helped the koruna to firm. The dollar falls down again and brings some more gains to the CEE currencies.
The dollar tried to reverse on ambiguous Fed comment yesterday, but was pushed back to its one-year lows versus the euro as retail sales data were worse than expected. However, the dollar is heavy oversold now, which suggest some correction. This would probably cause some loses to the koruna that could weaken in the following days.
Today closing: 28,17 CZK/EUR, 21,99 CZK/USD