The Czech koruna ends Monday session marginally changed at 28,48 CZK/EUR. Again, mainly external factors were important for the intraday CZK moves. The koruna very slowly followed the Hungarian forint. The HUF firmed in the first part of the day, dragged by speculations that Hungary central bank would hike rates by 50 bps. Afterwards, the HUF trimmed its gains when attention returned to budget deficits and political problems.
The CZK weakened against the USD today and closed at 22,32 CZK/EUR as the American currency gains against the major currencies. The USD was helped by better-than-expected US existing home sales. The USD/EUR market stands now at 1,2745.