The Slovak koruna opened at 40.14 EUR/SKK yesterday and remained frozen within the range of 40.115 - 40.160 EUR/SKK for the whole day. The activity on the market is low, by domestic as well as by foreign banks and no other impulses are coming. Today, June industrial output and construction data will be released, but they do not have market moving potential. The koruna should stay stable with the exchange rate hovering within the longer fixed range of 40.05 - 40.20 EUR/SKK.
(CSOB Investment research)