EUR/CZK to hover around the 25.00 mark over the coming year – Commerzbank
|
As recently as in January, the Czech koruna surprised markets by inexplicable strength. Then it swung in the opposite direction with force after the Russia-Ukraine conflict. Looking ahead, economists at Commerzbank expect the EUR/CZK pair to move sideways around the 25 level.
CZK to stay volatile this year
“Although things may appear to calm down, we remain cautious about volatility in CEE currencies in the months ahead, not only because of geopolitical risks but also because the Fed and ECB will progressively tighten their stance.”
“We see EUR/CZK sideways at around the 25.00 mark over the coming year.”
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.