Czech Koruna Gains Before Interest-Rate Decision as Stocks Rise
The koruna gained against the euro, snapping a two-day rout, as Czech policy makers are expected to leave interest rates unchanged today and optimism about global economic growth boosted investor demand for riskier assets.
The Czech currency strengthened 0.4 percent to 25.477 per euro by 9:42 a.m. in Prague, paring this year’s declines to 1.8 percent. The PX (PX) equity gauge jumped 1.9 percent, led by gains at Erste Group Bank AG (EBS) and Komercni Banka AS. (KOMB)
To contact the reporter on this story: Krystof Chamonikolas in Prague at email@example.com
To contact the editor responsible for this story: Gavin Serkin at firstname.lastname@example.org