The Czech koruna inched up yesterday.
The unit touched 31.30 by the noon.
However, it recouped a bulk of their gains
over the afternoon. Thus, despite the
afternoon’s losses the koruna closed
stronger at 31.39 and the trading range
obviously move down to 31.30 – 31.40.
Today, the trading session might be calm
due to approaching weekend. There is still
no incentives for the market neither from politics, nor from economic releases. The
market might ignorer today’s PPI figures.
ČSOB - Investment Research