The Czech koruna firms to 28,20 CZK/EUR. This comes after small losses yesterday. Sentiment on the CEE region improved today with a new OECD report. OECD raised Czech GDP forecasts and said that growing consumer spending should increase inflation pressures and start cycle of interest rates hiking in 3Q. Also the sharp rebound of stock markets in CEE3 helped the regional currencies to gain.
CZK firms also agaist the dollar and trades at 21,95 CZK/USD. The dollar stays quite stable against the euro and consolidates in absence of any important news. It trades at 1,2850 USD/EUR.