The Czech koruna didn’t opposed regional
negative mood and gave up some Monday’s
gains. The currency opened at EUR/CZK
28.45 and slowly lost ground to 29.85 where
it closed domestic trading. The below
forecast February’s trade surplus supported
the negative price action, but wasn’t decisive
for setting the atmosphere. CE markets are
nervous ahead of tomorrow’s ECB’s
meeting, which may send another battery of
hawkish comments to the markets.
Today the markets may continue to move
north as the jeopardy of ECB’s press
conference lasts.
(CSOB - Investment research)