The Czech currency weakened significantly
at the end of the Friday’s session in the
offshore trading and the pair went back
above 28.00 to close near EUR/CZK 28.06.
It is difficult to find the single reason for the
sharp weakening of the Czech currency, but
it is worth mentioning that the Czech koruna
lost not only towards euro, but also towards
other central European currencies.
Today there are neither any domestic nor
foreign market movers on schedule. The
markets also tend to ignore the development
on the Czech political scene where the
marathon of more than half a year of
coalition talks still goes on. Hence the
market should stay under influence of the
regional sentiment during most of the week.
(CSOB - Investment research)