The Czech koruna closed today trading against the euro weaker at 28,26 CZK/EUR. The move isn´t significant, but given that other CE currencies firmed today, a negative influence of politics was felt. Czech government formed by ODS didn´t gain confidence in the Parliament yesterday, which prolongs uncertainty on the political scene.
The CZK lost againt the dollar, too. The rate CZK/USD closed at 22,28. This was caused by moves on the USD/EUR market - the dollar firmed versus the euro today, helped by declining oil prices. Lower prices are a good news for the US economy in situation when the market worries about its growth. Tomorrow, the ECB meeting will be the key event. A rate hike to 3,25 % is expected.