The Czech koruna trades slightly weaker today at 28,13 CZK/EUR, correcting its yesterday growth. We haven´t seen any important news today, the CZK tracks regional mood. The most important point now is tomorrow BoJ decision about interest rates. The market slightly favours a 25 bp rate hike, but it´t still open. If the BoJ really hikes rates, it will be a negative signal for emerging currencies and propably also for the dollar (against both, JPY and EUR).
The CZK looses also to the US dollar. The rate now stands at 21,42 CZK/USD. The pair follows a similar pattern as the CZK/EUR, as the eurodollar stays quiet around the 1,3140 line.