The Czech koruna was really calm on Friday. It hovered in the pretty tight range of EUR/CZK 30.22-30.28 to close a touch stronger. There was no event to move the market, only a slightly positive mood in the region helped to the koruna. Summer and pre-weekend atmosphere pushed market activity down. Today the June PPI hardly affect the market, hence relax summer atmosphere may prevail. The koruna may stay flat within tighter trading band 30.20-30.30.
ČSOB - Investment research