The Czech koruna stays quiet today and trades flat at 28,14 CZK/EUR before the end of the session. No Czech news were released today. Tomorrow, Czech trade balance is due out. We expect a 16bn. CZK surplus, slightly more than the market median estimate. But, the number shouldn´t give the CZK any major boost.
The CZK/USD market is quiet as well. The rate stands at 21,47, when the eurodollar market trades at 1,3100 level. Today US macrodata didn´t influence much the trading although, for example, the revision of 4Q unit labour costs growth to 6,6 % is quite a surprise.