The Czech koruna has closed at 28,05 CZK/EUR, again a bit weaker. During the day, the rate reached as high as 28,15. There were no important news released today. We see the negative pressure on the CE currencies weakening and therefore the CZK may firm back below the 28,00 line in the rest of the week.
The koruna has weakened to 21,64 to a dollar, which is mainly due to moves on the USD/EUR market. The dollar rebounded and now trades at 1,2960 USD/EUR. Tomorrow, the German Ifo and US existing home sales may somewhat influence the market.