Mediafax (Mediafax)
Currencies  |  June 08, 2011 17:45:17

The crown was flat at 24.19 CZK / EUR


Mediafax

PRAGUE (MEDIAFAX) - The Czech crown ended Wednesday's trading almost unchanged, currently (17:31) in the range of 24.19 CZK / EUR, compared with Tuesday's finish (24.23) indicates a slight weakening of 0.11 percent . This follows from the data server Patria Online.

Crown, however, succeeded against the U.S. dollar appreciated by 1.22 percent to 16.66 USD / CZK.

"The crown was quite boring today, without major changes to the euro's exchange rate remained at 24.20. Early data from the labor market, whether the unemployment or wage developments should not impact on the domestic currency. Likewise, even during the day crown not add to the weakening zloty and the forint, which fell into the lift falling stock markets.The Polish central bank surprised and confirmed anti-inflationary campaign further increase rates. Although expected, this step seems to help during the afternoon zloty delete part of the losses, "said Patria Finance analyst Tomas Vlk.

The dollar against the euro slightly mend his ways, came to 1.4620. "Data Releases from the euro area too pleased when, while first-quarter GDP was confirmed by the preliminary values, but the German industrial production was surprisingly decreased. Euro subsequently lost, but the influence was too strong. The market will now focus on tomorrow's ECB meeting," said Wolf with that the rate change would not expect to come but could increase to display the next meeting.

"There is uncertainty about how policy affects the direction deteriorating makrozprávy. Another important issue remains the ECB's stance on the possibilities of rescue of Greece," said Wolf.

Libor Popel, popela@mediafax.cz

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Koruna stagnovala na 24,19 CZK/EUR

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