The Czech koruna closes at 28,20 CZK/EUR, flat from Friday. The Czech currency firmed in the morning on positive impact of the forint. FX players speculated on higher rate hike by the MNB and pushed the forint higher. Then, the MNB hiked rates by 50 bps, but the governors comments and sharp increase in inflation forecasts are worrying. The HUF so didn´t continue firming and slightly corrected. The CZK lost its morning gains following the HUF correction and PZL weakening that came in the second part of the session.
The CZK/USD rate also stayed only little changed and closed at 22,07. The USD was loosing against the euro during the day ahead of important events of this week. Trading was however less active with absence of London banks.