The Czech koruna hovered in rather tight range of EUR/CZK 30.18-30.25 on Friday. It was slightly weaker compare to Thursday, but still pretty stable from longer point of view. The market remained thin and lacked any significant incentive.
Today summer relax atmosphere might continue. The koruna should not break out of the current trading band EUR/CZK 30.10-30.30. The calendar is empty today, only CNB Board meeting on Thursday is on horizon. However, no action is expected, so event that item might not disturb the market in days to come.
ČSOB - Investment Research