It hovered around the EUR/CZK 30.00 level. The unit even touched 30.11 in the afternoon, but closed on the stronger side of the 30.00 level. Hence the koruna was slightly stronger in the end, but underperformed other regional currencies. Thus regional positive sentiment was behind thin gains.
Today the April retail sales and 4-year government bond tender are due. Yet both may not affect the market. Hence the koruna may remain in sideways channel for another day. Regional sentiment and development on the core markets might be decisive.
(CSOB - Investment research)