The Czech koruna partly recovered yesterday

It moved to low twenties despite the Polish zloty was losing ground. The koruna opened at EUR/CZK 30.28 and it touched 30.20 in the late afternoon. The koruna and other CE currencies except of the zloty gained from temporary weaker US dollar. There was no domestic event, which could have affected the market. Perhaps almost end of several months long-lasting government crisis and expectation that the central bank will stay on hold tomorrow have improved the sentiment.

Today the calendar is empty again. Thus the EUR/USD volatility may drive the market. Weakness of the euro in the morning may push Central Europe lower.

(CSOB - Investment research)