The Slovak koruna hovered in a narrow
range against the euro on Monday. The
economic calendar is empty till Thursday
when the final GDP data will be released.
We do not expect any big surprise and the
growth should stay at the level of first
estimate (9.8%).
But the structure will be in the centre of
attention of the central bank and traders.
Today, the Parliament session starts with
the state budget act for 2007 is on the
agenda. However, the final vote should take
place at the end of the week at earliest (next
week more probable). The global sentiment
should be the key driving force also for
today. We expect range bound trading
around EUR/SKK 35.50.
(CSOB - Investment research)