The Czech koruna has erased most of its yesterday gains on profit taking in the emerging area. The CZK/EUR pair has moved to 28,15 area. No Czech news were released today. Markets await the Thursday ECB meeting. March interest rate hike should be suggested by mentioning the "vigilance". But, the recent days, some speculations on no rate move after March emerged, which was negative for the euro.
The eurodollar trades around 1,2950 USD/EUR with a low volatility. There were no important events on the agenda for today. Tonight, the Bernanke´s speech may attract some attantion, but likely won´t bring any new information. The CZK trades flat to the dollar at 21,75 CZK/USD.