Higher than expected PPI sent the koruna slightly higher on Friday morning. The koruna weakened in following rather technical trading but in the end finished the day a bit stronger at 3,440 EUR/CZK. No important events are expected today, the market is supposed to speculate on rate hike this month. The koruna is expected to fluctuate within 31,35-31,55 EUR/CZK today.
ČSOB - Investment Research