EUR/CZK — News Archive


Czech Koruna Rallies After Interest Rate Hike

The Czech koruna rallied today after the nation’s central bank surprised markets, raising interest rates despite the threat of a global economic slowdown. Currently, the currency has backed off from the day’s highs but is still trading above the opening level.

Czech Koruna Slips as Central Banks Warns About Intervention

The Czech koruna fell against the euro today as the nation’s central bank warned about a possible intervention to curb excessive gains. The currency gained on the US dollar.

Czech National Bank Keeps Koruna Cap Intact

The Czech koruna rose against the euro today after falling yesterday as the nation’s central bank kept interest rates near zero and left the cap on the currency intact during its policy meeting. The koruna rose together with other most-traded currencies against the dollar.

Koruna Slides as Czech Central Bank Maintains Intervention

The Czech koruna dropped today as the nation’s central bank maintained interest rates near zero and reiterated its commitment to intervene on the Forex market to keep the currency from excessive appreciation.

Czech Koruna Gains as Central Bank Does Not Intervene

The Czech koruna gained today as the nation’s central bank kept monetary policy unchanged and refused to intervene by selling the currency. Chances for an intervention in the future remain high though.

Czech Koruna Soft After Central Bank Leaves Rates Unchanged

The Czech koruna fell today after the Czech central bank left interest rates unchanged yesterday and analysts speculated that it may weaken the currency to support the declining nation’s economy.

Koruna Firm Even as Czech Central Bank Cuts Repo Rate to Record Low

The Czech koruna remained firm even after the nation’s central bank cut its key two-week repo rate to the record low. The central bank predicted that the economy will contract this year, but will return to growth next year.

Czech National Bank Maintains Interest Rates, Koruna Drops

The Czech koruna rose today even after the Czech National Bank kept its two-week repurchase rate unchanged yesterday on concerns that the global economic slowdown will hurt demand for nation’s exports.

Czech Koruna Weakens as Government May Curb Gains

The Czech koruna fell against the euro as the traders expect the government to weaken the currency to protect the nation’s exports and prevent the deflation. Against the greenback the koruna fluctuates between gains and losses after its slumped and then returned to the opening level earlier.

Czech Koruna Climbs on Industrial Data

The Czech koruna advanced to a one week high versus the euro after a positive industrial report that fueled speculations that one of the most affected European economies is emerging for the hardest crisis since the end of communism in Czech Republic.