The Czech koruna trades stronger against the euro at 28,24 CZK/EUR, when reached even 28,20 during the day. The move follows the Polish zloty, which climbs higher supported by political news. Ruling party PiS starts talks with the peasant party. They offered to form a 3-month pact in order to pass the budget for 2007 and avoid early elections.
Czech parliament now decides about confidence to new ODS government. The voting will probably start after today trading. The government is not expected to gain the confidence.
The CZK firms slightly against the US dollar and trades at 22,18 CZK/USD. The situation at the USD/EUR market stays quite calm. Now, the dollar firms to 1,2733 USD/EUR with no fresh news.