The Czech koruna opened yesterday at 29.760 EUR/CZK while didn’t expect any significant domestic events on Thursday. After short period of strengthening in the morning it came back to it’s morning values and stayed within a tight belt. It finally closed the session slightly strengthened at 29.754.
Up till the CNB meeting in the second half of next week, there are no important economic events on domestic agenda. Hence we expect the koruna to be influenced again by the regional sentiment. Nevertheless the koruna’s gains will be limited ahead of the second round of Polish presidential elections scheduled for Sunday.
(CSOB - Investment research)