The Czech koruna falls sharply against the dollar and closes at 22,77 CZK/USD. The dollar firms against the major currencies as investors close their short positions. The dollar positions are becoming more risky with growing tensions in Asia. Also the US industrial output, better than expected, supported the American currency.
The trading in CZK/EUR was much less volatile than the CZK/USD. The koruna firmed a bit against the euro in the morning, but was loosing in the rest of the session. The CZK then closed at 28,50, a touch weaker compared to Friday. No Czech news were released. Tomorrow, there is Czech PPI on agenda, but is expected to have no impact on trading. The most influential factor for the CZK are still the moves on emerging currencies.