The Czech koruna has closed at 28,28 CZK/EUR today, after it had weakened as far as to 28,36. It´s still the same story: Emerging currencies are under pressure due to growing yields on major markets. From the US economy, we have recently seen strong numbers suggesting a soft landing without need to cut interest rates, and this is a bad news for the emerging markets.
The CZK has ended at 21,82 CZK/USD, flat from yesterday, while the USD/EUR market stays stable before the key events. Tomorrow, the US 4Q GDP will be released and the FOMC holds its meeting.