The koruna weakened slightly against the euro, but improved against the dollar

The koruna weakened slightly against the euro, but improved against the dollar

The krone weakened slightly against the euro, but strengthened against the dollar< /p> Euro, dollar and crown – illustration photo.

Prague – The koruna weakened against the euro, and on the contrary strengthened against the dollar. The single European currency closed today at a rate of 23.56 CZK/EUR, eight pennies weaker than on Friday early evening. It strengthened against the dollar in the same period, namely by seven pennies to 22.06 CZK/USD. This follows from data from the Patria Online server around 5:00 p.m. today. The Prague Stock Exchange stagnated today. The PX index closed at the same value as on Friday, i.e. at 1420.48 points.

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“After its attack from the end of last week to its strong values ​​of up to 23.33 CZK/EUR, the Czech koruna is gradually stabilizing and is moving to its weaker values ​​today,” said Purple Trading analyst Jaroslav Tupý. He added that the koruna remains attractive to investors thanks to its interest differential.

According to the analyst, the rate of the Czech currency this week could be affected by the unemployment data, which will be published by the Labor Office on Wednesday. On Friday, statisticians will announce how inflation developed in the Czech Republic in February.

The Prague Stock Exchange was stagnant today. The PX index closed at the same value as on Friday, i.e. at 1420.48 points. The fall in the shares of the energy company ČEZ was offset mainly by bank securities. It follows from the trading results on the exchange's website.

“Although the Prague Stock Exchange was moving in positive territory throughout the session, it finally stagnated at 1,420 points after the final auction,” said Fio bank analyst Josef Dudek. Of the ten main issues, four closed trading in the green.

The shares of the energy company ČEZ fell the most. Their value fell by 1.79 percent to 1,042 crowns. The company Kofola also did not do well. Its shares fell by 1.19 percent to a closing price of 250 crowns each.

On the contrary, all three bank issues traded on the Prague Stock Exchange rose. The most significant increase was recorded by the shares of the Erste banking group, which strengthened by 1.26 percent to 870 crowns. Moneta Money Bank shares rose by less than one percent to 84.70 crowns and Komerční banka by 0.67 percent to 755 crowns.

Czech currency exchange rate:

Previous conclusion

Today around 5pm

CZK/EUR

23.48

23.56

CZK/USD

22.13

22.06

Source: Patria Online