It received a significant lift from surprisingly large the April trade surplus, namely CZK 5.1 bn. Hence the koruna shot up from opening EUR/CZK 30.26 to 30.15 where it traded around the end of the European trading. Even the environment in the region was supportive, as all remaining three currencies were up. A temporary slide of US yields may have helped.
Today a revision of the fist quarter balance of payment is only due. It may not drive the market, as no significant changes should be revealed. Moreover the calendar is not really interesting worldwide. Hence we may experience rather calm session.
(CSOB - Investment research)