The koruna opened stronger at 28,43 CZK/EUR today. Than it was loosing during slow trading. The US CPI had some positive influence on the dollar, but without significant impact on emerging markets. Speech of Fed´s chairman Bernanke in the Senate then caused the dollar to weaken against major currencies. Fed estimates inflation to moderate, which lowers expectations of further monetary tightening. The emerging currencies firmed, but the Czech koruna gains were moderate, smaller reactions of CZK are quite typical in recent period. The CZK closed at 28,43, at its opening level and only 0,014 % stronger compared to yesterday closing rate.
The CZK firmed significantly against the USD thanks to the dollar weankess, the rate closed at 22,62 CZK/USD from yesterday´s 22,78 CZK/USD.