The koruna opened slightly weaker at EUR/CZK 29.69 yesterday, as losses of CE currencies weighted. Nevertheless, the unit almost immediately changed the course and started to erase opening loss. The market was quite calm for the whole day to close unchanged at 29.62. Traders lacked any significant impetus, because no indicator was released and another round of talk within ruling coalition should have not bring any progress.
Today the atmosphere on the market may be same, thus sideways trading is the most likely scenario.
(CSOB Investment research)