The Czech koruna stayed in the tight range
of EUR/CZK 31.42 – 31.50 yesterday. It
opened negligibly weaker compare to
Tuesday afternoon, but almost immediately
started to inched higher to close little higher.
Summing up, the koruna continued to
develop a sideways pattern since this Monday.
Today the market may look similar to
previous days. Expectation of slight foreign
trade surplus due on Friday may push the
koruna slightly higher. However, the market
lacks any strong spur to move to any
direction now. Friday’s trade figure and
Monday’s inflation figure may change this
ČSOB - Investment Research