The Czech koruna disappointed a bit in
Friday’s session as it lagged behind other
central European currencies and moved
sideways in a range of 28.42-28.52
EUR/CZK.
There are no domestic market movers
scheduled for this week. Also the regional
calendar of figures looks rather empty and
we do not expect any significant impetus
from regional politics as well. The fall of the
US dollar could provide some support to the
CE currencies also during today. On the
other hand, rising yields on the core markets
ahead of the ECB decision on Thursday and
the US payrolls on Friday could easily
change the mood. Nevertheless, for today
we expect more trading in a tight range
28.37-28.55.
EUR/CZK in a sideways mode.
(CSOB - Investment research)