The koruna exchange rate today without any significant change, closing at 28.14 CZK/EUR. Its dollar rate weakened to 22.01 CZK/USD on the back of euro-dollar movement. The domestic political situation improved a little bit. The rightest ODS and leftist CSSD met again with surprisingly positive outcome – according to press information the deal on new ODS-led cabinet is possible.
However, the koruna follows rather regional investor’s sentiment than any domestic news. The forint did not keep early gains and at close fell back to morning levels of 277 HUF/EUR. The Polish zloty, the worst performing CEE currency today, weakened above 3.91 PZL/EUR.
The CZK tested 28.08 CZK/EUR technical level today but most of trades were realized higher. We expect the rate between 28.08 and 28.30 CZK/EUR tomorrow. No local information is to be released.