After promising start of Friday’s session the Czech koruna ended significantly lower. The rate moved from 28.35 to the psychological level 28.50 CZK/EUR. The drop against the US dollar was moreover boosted by strenghtening of USD against the euro - the koruna finished the day at 22.56 CZK/USD. The local trading was influenced by poor regional sentiment once again driven by HUF fall to the record lows.
The 28.50 CZK/EUR is a magical level for the koruna. The currency will trade either above or below this level for the whole summer.