The Czech koruna closed flat at 28,16 CZK/EUR. We lack any important news in the region of Central Europe and so the local currencies see no direction. Tomorrow, the ECB meeting will likely be the most important event of the week. "Vigilance" mantra suggesting another rate hike in March is widely expected. The market will though focus on further outlook after March.
The koruna firmed to the dollar closing at 21,64 CZK/USD, the rate is dragged by current USD/EUR moves. The dollar is loosing against the euro ahead the ECB meeting. Today, US productivity and unit labor cost were released. However, the numbers were mixed and their impact on market is low. Now, the pair is traded at 1,3020.