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CZK/USD (CZKUSD=X)

CCY - CCY Delayed Price. Currency in USD
0.0430-0.0002 (-0.4001%)
As of 09:19AM GMT. Market open.
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Previous Close0.0432
Open0.0432
Bid0.0430
Day's Range0.0430 - 0.0432
52 Week Range0.0421 - 0.0477
Ask0.0430
  • Reuters

    CEE MARKETS-Forint headed for biggest weekly drop since March, CEZ below CZK 1,000

    "In characteristic high-beta fashion, the CE3 currencies are now selling off on the back of the weak euro (versus dollar), with the highest-beta – forint – underperforming the most," Commerzbank said, referring to the Czech crown, Polish zloty and forint. Markets will turn to a Hungarian central bank meeting next week where policymakers may look at cutting its 18% one-day deposit rate that has helped pull the forint away from record lows above 430 per euro last year. Morgan Stanley said it had moved forward its expectations of a 100-basis point cut in the one-day deposit rate, although it saw "a non-negligible 40% subjective probability for the (central bank) to remain patient, in search for confirmation that the improvements in risk perceptions about the Hungarian economy are indeed persistent".