The Slovak koruna firmed in the early hours of the session, moving from the 37.71 to 37.64 EUR/SKK triggered by similar movements in the region. Later, it erased part of its gains mainly as a result of the ECB hawkish comments following its rate decision. Today, the market is closed because of a national holiday. The trading will resume on Monday again. Next week, economic data are few and include very little market movers. The market will focus on Q2 GDP release and mainly its structure will be under scrutiny. But also this indicator is unlikely to be a strong catalyst for a spectacular price movement.
(CSOB - Investment research)