The Czech koruna that slumped to a 2-week low of 18.155 against the US dollar on Wednesday morning staged a rebound thereafter. At 7:50 am ET Thursday, the koruna climbed to a 2-day high of 17.835 against the greenback and this may be compared to yesterday's close of 18.037. The dollar-koruna pair is presently worth 17.93 with 17.68 seen as the next target level.

In economic news, the Czech Statistical Office said the average gross monthly nominal wages in the whole economy rose 2.8% year-on-year in the second quarter. In real terms, the wages were up 1.4%.

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