Czech koruna strengthens against euro and dollar in the end of workweek

The Czech koruna strengthened against both the euro and the US dollar by the end of the workweek. It gained five hellers against the euro, trading at 25.06 CZK/EUR, and rose by seven hellers against the dollar to 22.49 CZK/USD, according to data from Patria Online. Analyst Jaroslav Tupý from Purple Trading noted that the koruna remains steady around 25.10 CZK/EUR due to continued positive sentiment in financial markets. He added that the Czech National Bank (ČNB) is expected to cut its base interest rate by 25 basis points next week, from 4.5% to 4.25%. The ČNB last reduced the rate in early August, slowing its monetary policy easing after four half-point cuts earlier this year.