Wednesday trading on the koruna was very quiet again, the rate EUR/CZK moved within the thin range of 31,720-31,820. There are no impulses on the market. Neither good nor bad news are coming. There is not enough room for strengthening due to recent depreciation of the zloty and the forint. Tomorrow's trade balance can be an important signal only in case of surprising value. Today we expect the koruna to move within 31,700-31,850, the rate opened at 31,850 EUR/CZK this morning.
(CSOB Investment research)