Lacking sufficiently strong stimuli the
EUR/CZK pair was traded sideways in a
tight range close to the 28.20 level. Neither
other regional currencies nor domestic
political scene brought interesting
information.
The domestic calendar is almost empty
today. There is an auction of the CZK 6 bn.
2.55/2010 government bond, but the FX
market usually does not pay attention to
bond auctions. Hence, the Czech currency
will look for inspiration to core markets, while
it will be awaiting Friday’s releases of GDP
and CPI figures.
(CSOB - Investment research)