The Czech koruna lost more than 20 hellers
against the euro after September’s CPI
posted higher than expected slump on
Friday. The koruna initially moved up to
EUR/CZK 31.26, but the fresh inflation figure
released at 9:00 a.m. pushed the unit lower
for the rest of the day to close at EUR/CZK
31.40 area. The market was rather live.
Today the market should be calmer compare
to Friday, because the American markets
are closed due to the holiday. Moreover, no
data are scheduled today. Hence the koruna may be flat.
ČSOB - Investment Research