The Czech koruna opened yesterday at 28.711 EUR/CZK and pulled back during the day after reaching an all time high at 28,70 in previous session. The calendar of domestic events was empty and the trading during the day was rather technical. As koruna did not succseed to break through 28,70 it slid back to 28,80 and closed the day around 28,780. balance and PPI should not have significant impact on today’s trading. The koruna should be more influenced by a political development in Poland. The tension on Polish political scene and losing euro might worsen the sentiment towards the whole central European region.
(CSOB - Investment research)