FxWirePro: Daily Commodity Tracker - 21st March, 2022 
Czech Republic current account data released earlier on Thursday showed the smallest surplus so far this year in May (about 1 billion EUR). Outflow of dividends that reached 17 billion CZK (about 0.6 billion EUR) is likely the main reason behind the small rise.
Czech companies have seen record profits in the recent years which explain the positive dividends. Outflow of dividends is expected to strengthen in months ahead. The dividend outflow alleviates pressure on appreciation of the Czech koruna and is therefore welcome news from the perspective of the Czech National Bank.
Other components of the current account more or less extended previous trends. Foreign trade in goods and services remained in surplus and EU funds also continued to flow into the Czech Republic in May.
