The Czech koruna ends flat today trading at 28,09 CZK/EUR. There was a positive influence of the USD/EUR move during the day, but by the end of the session, the moderate gains of the CZK vanished. Domestic political news aren´t surprising and have only marginal impact on trading.
The CZK firmed to 21,86 CZK/USD, when the dollar lost after another negative data on price level. Today CPI caused a drop to 1,2850 USD/EUR, where the dollar now stabilizes. Worse-than-expected PPI and CPI data lower expectations that the Fed would hike rates for another time. This shift in expectations is however positive for riskier currencies such as CZK or its peers in the CE region.