The Czech koruna ends Wednesday session at 28,49 CZK/EUR, loosing modest gains from previous days. Czech June CPI data were released in the morning, but had no impact as they were complete in line with expectations. CZK was loosing during the day following the Slovak koruna, pushed down by politic issues. However, the Slovak central bank intervened afternoon to halt SKK weakening and helped the currency to return to its yesterday level. The CZK stayed weaker, unaffected by the intervention.
The Czech currency lost also against the American dollar and closed at 22,45 CZK/USD. The move came together with the dollar firming against the euro. The USD firms after better than expected US May foreign trade and trades at 1,2697 USD/EUR.