The Czech koruna closes Monday trading a bit higher at 28,27 CZK/EUR. The market was quiet today, ahead of tomorrow confidence vote in the Czech parliament. A negative influence came from Hungary - PM Gyurcsány wants to initiate a confidence vote this week. The forint so weakened due to politics, but impact on the CZK was only short-lived.
The CZK gained againts the US dollar and ended at 22,20 CZK/USD. The move comes with the dollar weakening versus the euro after the worse-than-expected ISM manufacturing report.