Shrinking GDP, non-committal Fed sink the US dollar

The US economy now meets the barest technical definition of a recession, and Federal Reserve hikes are now fully dependent on inflation and labour data meeting to meeting. This realisation brought down yields in the US sharply and they in turn knocked down the dollar against nearly every major currency worldwide, save the euro, which … Continued

Botanique Hotel Prague: Summer 20% Discount on Conference Spaces

BCC member Botanique Hotel Prague now offers a summer 20% discount on the rental of conference spaces. The hotel is located right next to the metro transfer station in the center of Prague. The hotel offers an ideal solution for small and medium-sized meetings for up to 160 participants and other corporate events. Besides our … Continued

Signs of US slowdown slam dollar, euro mixed on ECB hawkish surprise

Disappointing economic data out of the US brought yields down worldwide and removed any chance of a 100 basis point interest rate hike from the Federal Reserve this week. The surprise 50bp hike from the ECB had surprisingly little immediate impact on the common currency, which nevertheless joined in the general bounce back against the … Continued

US inflation surprise sends dollar soaring

The peak in US inflation has been getting pushed into the future for some time, and June was no exception. The unpleasant surprise sent the dollar soaring generally, but the euro put up a spirited defence of the psychologically important parity level and, after breaching it briefly, managed to end the week above it. Markets … Continued

Ebury: Weekly FX Market Update

Currencies in holding pattern ahead of fresh inflation data  G10 currencies ended the week not far from where they had started it, as the news calendar turned relatively light and investors digested central bank communications. The week’s winners were the Norwegian krone and the Swiss franc, the latter boosted by the aftereffects of the Swiss … Continued

Vodafone Foundation: Academy Against Domestic Violence, 15 June 2022

Vodafone Foundation CZ invites you to a workshop of the Academy Against Domestic Violence. The aim of this workshop is to motivate companies that, as employers, they can do a lot to solve the complex family situations of their employees and that it will pay off for them. This time the workshop will focus on … Continued

Jiří Hauptmann appointed Director of Corporate Affairs at International Personal Finance Digital

Jiří Hauptmann, Director of Corporate Affairs and Communications at Provident Financial Czech Republic, was appointed Director of Corporate Affairs at International Personal Finance Digital in February 2022. Jiří supported the local and European regulatory agenda and strengthened sustainability strategy by the start of the Invisible project. In his new role as only Czech in the Board of Directors, … Continued

Erik Fortgens appointed new country manager of ING Czech Republic

In 2022, ING celebrates 30 years on the Czech market. As of 1 January, the bank is led by Erik Fortgens. The Head of Wholesale Banking in the Czech Republic succeeds former CEO, Roel Huisman, who has been appointed head of change at the newly established global department ING Payments and Settlement utility. As per … Continued