The Czech koruna stays in a narrow range around the 27,50 line. Today, the only news was the central state budget in 2006. The deficit reached 97,3 bln. CZK, which is better than latest MoF guidance, but significantly worse than the budget plan. The number haven´t caused any reaction on the market.
The CZK has set a new high against the dollar, at 20,67 CZK/USD. This result is a combination of strong CZK/EUR and weakening dollar against the euro. Major news for the euro-dollar market, the US data, were put off for tomorrow, the rate stands at 1,3273 USD/EUR.