After yesterday all-time high, the Czech koruna retreats today and trades at the 28,00 CZK/EUR line today. The move follows the weakening of other regional currencies again. There are no marco news on the market now, we are awaiting tomorrow Czech CPI data, which should show a slowdown in y/y inflation. After the recent sharp firming of the CZK, we see another weakening in the oncoming days as the strong levels weren´t supported by any fundamentals.
The CZK firms versus the USD and trades at 21,90 CZK/USD. This is boosted by the USD/EUR market. There, the USD looses due to hawish comments of BoJ´s governor Fukui and uncertainty before elections in the USA.