The Czech koruna looses today and trades at 28,25 CZK/EUR. There were number of Czech macro news on the tape today, even inflation. But, no surprise has come and so the data had a neutral impact on the koruna FX rate.
Key event of today session was the ECB meeting. ECB hiked rates by 25 bps, which was broadly expected. However some investors who expected a 50 bps hike were disappointed and the euro started to fall faster against the dollar. Then, Mr. Trichet didn´t indicate accelerated tightening of monetary policy and this was another point for the euro to go down further, now it trades at 1,2642 USD/EUR. Widening of rate gap between CZK and EUR brings some koruna weakening although today ECB comment wasn´t much hawkish.
The koruna lost some 28 hellers today against the dollar and trades at 22,34 CZK/USD. This is mainly due to moves on the USD/EUR market.