Thursday, June 7, 2007

I do long position in CZK against EUR.

Czech currency koruna is traded at 28.4 against EUR. This year is traded almost w/o appreciation. Czech interest rates are still growing following economic growth. Czech economic growth for Q1 announcement is scheduled for this friday. Expected is 6.1%. Seasonaly it is beginning of support for czech koruna. At picture you can see average seasonal appreciation of CZK within last 6 years.


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