The Czech koruna strengthened to a 6-day high of 17.3705 against the US dollar in early deals on Wednesday. If the Czech currency advances further, it may target the 17.279 level. At yesterday's close, the dollar-koruna pair was quoted at 17.4710.

The Czech Statistical Office said retail sales at constant prices dropped an unadjusted 3.5% on a yearly basis in August, slower than a 4.9% fall in the previous month. Economists expected a 3.1% decline. This was the 11th consecutive month that retail sales fell.

After adjusting for seasonal effects, retail sales dropped 3.6% year-on-year in August. Month-on-month, retail sales fell a seasonally adjusted 0.3%.

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