Czech koruna eased to 27.50 EUR/CZK
NBH will again cut rates by 10 basis points
The Czech koruna eased to its one-month low against the euro yesterday. The overall volatility has remained very low nevertheless and we expect that it will not rise significantly in coming months either. According to CNB Governor Singer, central bankers are cautiously optimistic regarding economic growth and due to disinflation pressures ready to prolong the temporary FX intervention regime at least until mid 2015. As for other regional FX markets, the Polish zloty as well as the Hungarian forint varied inside a relatively narrow range around their current levels.
Read the full report: FX Daily