Trading with the koruna became quiet after a few days of higher activity on Wednesday. The koruna lost in the morning due to continuing negative sentiment in the whole central Europe, unexpected deficit of current account was a negative surprise for the market as well. The rate EUR/CZK reached 31,50. The koruna firmed in the afternoon and closed slightly above 31,45. Today's industrial output could be a positive signal for the koruna. Nevertheless, due to negative sentiment in the region we expect the koruna to drop again. The koruna might fluctuate within the range of 31,40-31,60. The morning open value was 31,465 EUR/CZK.
ČSOB - Investment Research