The Czech koruna hovered in a pretty tight range of EUR/CZK 30.24-30.26 for the most of the session in thin summer trade on Wednesday. However, the unit strengthened to the level 30.20 at the end of the day, as it followed Polish zloty higher. There was no significant impetus for the market, and today’s meeting of the central bank should not change the picture. No one expects rate action. Thus the koruna may keep in current band of 30.15-30.30.
(CSOB, Investment research)