The Czech koruna rebounds on export hedging
The Polish industrial output in April confirms a weak economic picture
The Czech koruna has finally joined the recent rally of risky assets and rebounded from its 3-years low. It seems that the Czech currency has been supported by hedging activities of Czech exporters, rather than the change in economic fundamentals. Meanwhile in Hungary the forint has continued to hover around relatively strong levels (below the EUR/HUF 290) while the zloty has remained
little changed despite poor industrial output data.
Click here to read the full report: FX Daily
KBC