The Czech koruna firms slightly and ends at 28,15 CZK/EUR. The trading was quiet today. The rest of the region opened weaker and corrected these losses during the day. In the CZK case, persisting speculations on possible liquidations of carry trades prevented the currency from weakening. The market lacks any news from local economy.
The CZK closes weaker against the dollar, at 28,48 CZK/USD. This is due to moves on the eurodollar market. The USD firms against the euro and now trades at 1,3097 USD/EUR. The US ISM report on activity in services came out rather negative for the USD, but the number hadn´t potential to reverse ST trend.