The EUR/CZK returned below the 30.00 level on Friday on improved regional sentiment. It opened at EURCZK 30.07 and was gaining throughout the day to close at 29.97. Hence the koruna only retouched a monthly high, which the koruna reached on Thursday on the strong Q1 GDP growth.
Today the calendar is empty and even the whole week will not be really interesting. Hence development of the EUR/USD and U.S: interest rates might be more important. Recent rises in the dollar and U.S. bond yields are negative for CE currencies. Thus the koruna might be careful in any step into positive territory.
(CSOB - Investment research)