Temper on the Czech foreign exchange
market did not change on Friday. The
koruna recovered after some early losses
and around mid-session touched three-week
high against the euro. London based eurosellers
drove the rise of the currency again.
Nevertheless, the koruna retreated
afterwards and closed weaker compared to
Thursday. Today, the release of April’s
inflation figure will catch the eyes of the
traders. Lower than consensus inflation
result should curb the koruna strengthening.
Hence we do not see much room for the koruna today.
ČSOB - denní finanční zpravodaj