The Czech koruna was quiet yesterday, as key oversee market in London was closed due to a holiday. The unit hovered around EUR/CZK 29.60 for the most of European trading. The koruna inched higher in the last hours and touched 29.55. The atmosphere slightly improved after the 29.80 level proved to be strong enough. The market lacked any incentive, only slightly stronger U.S. dollar might have help to the koruna.
Today, London traders return to their desk and could changed a sleepy market. Average nominal wage due today may not disturb the market. Hence, the koruna may slightly advance unless any surprise happens.
(CSOB - Investment research report)