The Czech koruna was only little weaker
yesterday, as it kept in a pretty tight range of
EUR/CZK 30.35-30.42. The market seems
to be sideways oriented. There was no new
incentive for the market on Tuesday, thus
the koruna drifted slightly lower in step with
other CE currencies. Quiet EUR/USD
currency pair helped to curb the price action too.
Today the atmosphere may not change, the
koruna may be again sideways oriented. Today’s first government bond tender this
year could lure some trader’s attention.
ČSOB - Investment Research