The Czech koruna traded in a very thin range and finished almost at opening levels yesterday. However, trading volumes were quiet high due to activity of foreign participants. There were neither political no economical impulses on the market. Today's retail sales might awake the koruna from lethargy. Higher retail sales will probably raise rate hike expectations. For today we expect the koruna to fluctuate within 31,40-31,60, the koruna opened at 31,495 EUR/CZK this morning.
ČSOB - Investment Research