Central European Daily

The Central European currencies calmed down yesterday. Despite some initial weakness, the zloty and the forint closed only slightly weaker while the koruna remained in a narrow range between EUR/CZK 27.30 and 27.40 for the fourteenth consecutive session (let us recall that volumes traded and volatility dropped markedly in case of the koruna as a result of the intervention regime introduced by the Czech National Bank back in November last year).