The Czech koruna firmed today morning and touched 28,30 level against the euro. There are two main positive factors: Czech interest rates that are expected to be raised next week and recent news from USA that improve sentiment on emerging currencies. A retreat of the koruna, that came by the end of the session, pushed the rate back to opening level at 28,40, but doesn´t change our positive outlook for oncoming days. Today, there were no important events and also the agenda for tomorrow is empty.
The dollar continues weakening today after the Bernanke´s speech. Now it trades at 1,2637 against the euro. The dollar also lost agains the Czech currency and closed at 22,46 CZK/USD.