The Czech koruna has firmed to 27,98 CZK/EUR at close, dragged by rising region. No Czech news were released today. Tomorrow, Czech central bank holds a monetary meeting. We expect the rates to stay on hold, tightening of monetary policy is likely at the beginning of the next year.
The US dollar trades stronger against the euro at 1,3145 USD/EUR. After mixed news from the US economy, when the 3Q GDP rose by 2,2 % (vs. expected 1,8 %) and new home sales fell to 1,004 mil. units (vs. expected 1,048 mil.), a positive correction of the USD prevailed. The move was supported by some comments of European officials about the recent USD/EUR surge. The CZK ended at 21,27 against the USD.