After two pretty volatile sessions it was bound to tight range of 28.69/80 on Wednesday. Overall quiet atmosphere on world markets calmed the koruna down. There were no figures and rumors on final Hyundai “yes” wasn’t confirmed. Today the domestic calendar is again empty. Traders may wait for afternoon’s U.S. data on inflation, which may reset expectation on U.S. interest rate outlook. All in all, the koruna might be rangebound, at least in the morning.
(CSOB - Investment research)