At the end of the week, the Slovak koruna
did not show major movements, moving
between 38.37 and 38.42 as the market
lacked impetus. Today, the economic
calendar is busy, but only modestly
interesting as the published data are no
market movers.
The unit will be further
driven by regional development and will wait
for any news from the domestic political
scene. Until the new government has
introduced its economic policy strategy, the
pair should oscillate within the range of
38.30 - 38.50. We see a low probability of
the currency becoming stronger than
38.30.given the lack of positive news. On the
other hand, the upper limit will be defended
by the central bank.
(CSOB - Investment research)