The koruna firmed to its new all-time highs against the euro and the dollar. New highs have been set to 28,11 CZK/EUR and 21,78 CZK/USD respectively. The most important factor is always the regional mood. This caused the upmove in the morning and also the retreat afternoon. Closing rates are at 28,26 CZK/EUR and 22,09 CZK/USD.
Czech March current account surplus was slightly higher than expected, but the difference wasn´t big enough to push the koruna higher. Czech deputy PM Jiří Havel said today that the koruna is overvalued by 3-4 %. The koruna marginally lost aftewards, but shouldn´t loose more as these words are no surprise.