It touched EUR/CZK 30.10 again in the morning. Later on, the currency rebounded in step with the Polish zloty, which was supported by S&P rating outlook upgrade. Thus the EUR/CZK returned back below the 30.00 mark and the koruna hovered around the 29.90 level in the afternoon. Nevertheless, it wasn’t the end of the story. See-saw session continued in American trading, where the koruna again looked above the 30.00 level since the dollar rose on worse FOMC inflation outlook.
Today domestic event shouldn’t deliver any stimuli for the market. Thus decisive role might play new atmosphere on the global markets after yesterday US FOMC meeting. The koruna and other regional currencies may feel weakness at least during early trading.
(CSOB - Investment research)