The Czech koruna has hit a new all time high today, firming to 28,09 CZK/EUR. The rate firms thanks to positive situation on FX markets - the emerging currencies profit from uncertainty about future path of Fed interest rates. Also Czech June trade balance that came out better than expected, is a positive factor for the CZK.
The koruna firms against the dollar, the rate CZK/USD closed at 21,82. The move was boosted by the development on the USD/EUR market. The dollar gradualy looses against the euro after the yesterday Fed meeting, with no fresh news released today.