The Czech koruna opened stronger at EUR/CZK 28.95 in the morning. It only shortly hesitated after the foreign trade figures, which were worse than expected. Nevertheless, strong positive sentiment in the region prevailed and the koruna remained strong in the tight range of 28.89-28.96 for the rest of the day. There was no other domestic stimuli than the trade figure. Today no attractive item is on agenda, therefore the koruna may mainly watch its regional peers. Friday’s afternoon is usually positive for the koruna, thus the unit may make further gains.
(CSOB - Investment research)