The Czech koruna is still traded in a narrow range around the 28,00 line. Before today closing, the rate CZK/EUR stands at 28,01. The market lacks any catalysts: No Czech news, no special moves in the region and weak impact of the euro-dollar. Tomorrow, Czech trade balance is on the agenda, but may influence the rate only if significantly different from the market consensus (+4 bln. CZK).
Volatility on the USD/EUR market increases after mixed data from the USA. Actual dollar firming (to 1,3307) have come in after better than expected November business activity. The CZK so weakens against the dollar to 21,05.