. The result of the elections in the Czech Republic only added to negative sentiment in CE-4 region. Therefore, we do not see a big space for gains. The unit should be limited by the level of EUR/SKK 37.600 on the stronger side and EUR/SKK 38.00 on the softer side of the longer traded range. Slovakia holds elections on June 17, and we expect rising volatility and the SKK testing of this upper boundary. The economic calendar is empty. However, the upcoming figures and data should increase the chance for the SKK dip and confirm the recent NBS rate hike.
(CSOB - Investment research)