The Czech currency traded within a tight
range above EUR/CZK 28.00 during most of
the yesterday’s session. Similarly to the
other Central European currencies it did not
receive any significant impetuous neither
from domestic scene nor from the region.
Nevertheless that might change today as
important US figures are scheduled during
the afternoon.
Nervousness of global
investors ahead of US consumer sentiment,
together with the most recent correction in
US and European stocks, should play rather
in favor of weaker koruna. If that is the case
and the Czech koruna gets under pressure,
it might test the resistances at EUR/CZK
28.15.
(CSOB - Investment research)