. It traded around EUR/CZK 28.60.
It shrugged off all domestic figures and
furthermore the volatile zloty and forint failed
to affect it. It opened a touch stronger than it
closed after European trading on Friday. The
later dip in New York trading didn’t inspire
domestic market yesterday morning. The
koruna drifted higher to 28.55 at the end of
the Monday’s session due to slightly
improved atmosphere in the region.
Today, the domestic calendar is empty, thus
the koruna may trade sideways with slightly
positive bias. The market lacks any strong
idea, therefore the koruna treadle water.
Traders may wait for tomorrow’s current
account data, which might show the surplus
shrinks to only CZK 500 m. Broader trading
range remains at 28.46-28.68.
(CSOB - Investment research)