US Dollar/Czech Koruna FX Spot Rate

USDCZK.FOREX2

Czech Koruna softens against Euro as CNB holds rate at 3.75%

The Czech National Bank kept its policy rate at 3.75% and adopted a wait-and-see stance, according to Commerzbank’s Tatha Ghose. The decision follows a 25 basis point hike in June, even as the central bank continues to cite upside inflation risks. The Czech koruna softened against the euro in response.

USDCZK.FOREX CZ-10Y.GB ▼ECBRATES.MM ▼

Commerzbank·20dRead more ▾

USDCZK.FOREX▲

ING expects CNB to hold rates at 3.75% with dovish guidance

ING strategist Frantisek Taborsky expects the Czech National Bank to keep rates at 3.75% at its upcoming meeting, with guidance leaning more dovish than markets anticipate. He says July Czech inflation at 1.7% year-on-year should have limited impact on the decision.

USDCZK.FOREX ▲

FXStreet·21dRead more ▾

USDCZK.FOREX▼

Czech inflation falls below CNB forecast, hawkish bias supports koruna

Czech headline inflation fell to 1.5% year-on-year, below Czech National Bank forecasts, with goods and energy prices soft but services still elevated, according to Commerzbank’s Tatha Ghose. The CNB’s hawkish bias continues to support the Czech koruna.

USDCZK.FOREX ▼

Commerzbank·50dRead more ▾