The Czech koruna weakens during Tuesday session. The fall came at the opening with poor sentiment on emerging markets underlined by the US dollar holding its strong positions. The koruna trades lower at 28,35 CZK/EUR and 22,55 CZK/EUR before the session end. There were no Czech news today. This week, some Czech data will be released, but we expect no special reaction of the markets as the numbers are of low importance.
The USD/EUR market was a little influenced by the German ZEW, worse than expected. The market was awaiting the US PPI data, which came out mixed. Volatility of the FX rate rises afterwards and the dollar trades at 1,2575 USD/EUR.