The Slovak koruna did not show any big movements yesterday and traded within a narrow range of 40.060-40.120 EUR/SKK. Neither the sterilization repo tender, in which the central bank accepted the whole demand worth of SKK 88.5 bn nor May current account deficit did not influence the exchange rate. The trading lacks impulses at the moment and in coming days we do not expect any significant changes on the market with the koruna hovering within the range of 40.00-40.20 EUR/SKK.
(CSOB Investment research)