The market waited for FOMC decision, which was delivered after European markets closed. Thus the koruna hovered in a range EUR/CZK 30.30-36, but it headed to the weaker limit of the range over the session. The market was quiet also due to holiday in neighbour Poland, which the most important market in the region. FOMC decision to hike rates by 25 bps had no impact on the koruna as it was broadly expected.
(CSOB - Investment research)