The Slovak forex market was closed on
Friday due to a national holiday.
Nevertheless the koruna traded in off-shore
market, tracked the regional sentiment and
was more or less stable close to the level of
37.70 EURSKK.
Today, the economic calendar contains
August state budget data, but they are
traditionally no market movers. At the end of
the week more data will be released, with
Q2 GDP on Thursday and industrial output
on Friday. The market will focus mainly on
GDP data and its structure. If it confirms that
the household consumption is still strong, it
will strengthen the markets’ belief of further
rate hikes. Today, the trading pattern should
not deviate from previous days. The koruna
should oscillate within the range of 37.60 -
37.80 EUR/SKK.
(CSOB - Investment research)