The Czech koruna has only slightly firmed today and closed at 27,63 CZK/EUR. The only news today - Czech government debt - is not a number important for the market. The CZK follows the moves of other currencies in the CE region, lagging behind their rise. Tomorrow, Czech CPI and trade balance is on the agenda. We don´t expect any important impact of the CPI on rate expectations. The trade balance data can influence the market if sigificantly different from the consensus (+3,8 bln. CZK).
The CZK ends almost flat to the dollar, too. The closing rate is 21,24 CZK/USD. Low volatility on the euro-dollar market helps the CZK/USD to hold positions.