The Czech koruna (sometimes also called the Czech crown) gained against the US dollar today amid expectations of monetary tightening from the nation’s central bank.
The Czech National Bank will conduct a policy meeting next week (on August 3). Some analysts expect no changes to the existing monetary policy, while others predict an interest rate hike. Forecasts for a hike range from by 5 basis points to 25 basis points. If it indeed happens, it will be the first hike in nearly a decade.
USD/CZK fell 0.59% to 22.1970 as of 13:28 GMT today.
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