CZK seen gathering traction in the next months – Danske Bank

Mikael Milhoj, Senior Analyst at Danske Bank, stays bullish on the Koruna for the upcoming months.

Key Quotes

“In the Czech Republic, we saw only a muted reaction in the spot rate, with EUR/CZK trading a little higher around 26.8 following the CNB meeting yesterday”.

“Following the exit, FX volatility has been lower than expected, creating no need for the CNB to intervene in the market for now. We still look for more CZK strengthening over the course of 2017, maintaining our current forecasts for EUR/CZK”.