The Czech koruna stayed in a very narrow
range at the beginning of the week. Both
domestic and regional issues failed to have
any significant impact on the Czech FX
market and the koruna moved sideways
along EUR/CZK 28.00.
Today the calendar is once again rather
empty. Important domestic and global
figures are in general scheduled for the end
of the week. Hence the Czech currency
should stay under the influence of the
regional sentiment, which should be rather
positive in respect to the surprisingly good
performance of global stocks. Nevertheless
the regional optimism should stay cautious
ahead of Thursday’s ECB meeting.
(CSOB - Investment research)