CZK Trades Weaker, Ignoring GDP Data

Koruna trades weaker on the day, ignoring GDP data, with EUR/CZK at 25.135-25.185, from 25.09 late Monday but little changed from 25.16 earlier Tuesday. Contracting 4Q GDP has put the Czech economy in a technical recession. Traders say the EUR/CZK market is more driven by talks over the Greek bailout and its impact on the euro than by domestic economic readings. EUR/CZK moves track similar movement in EUR/PLN, one trader says.