The Czech koruna trades at 28,23 CZK/EUR before the end of the trading week. The currency is firming despite weakening of other currencies in our region. Czech GDP released today didn´t influence the trading, the growth rate of 7,4 % in 1Q is in line with market consensus of 7,5 %.
The koruna´s firming also against the dollar and trades at 22,28 CZK/USD. The volatility is higher than on CZK/EUR, when there is an influence of USD/EUR moves. The US trade deficit was better than the market expected and temporarily pushed the dollar higher against the euro and other currencies. But afterwards, the FX rates return to previous levels.