EUR/CZK: Likely range for today will be 24.70-24.80 – ING

EUR/CZK has jumped up to 24.70, last week's levels. Economists at ING analyze the pair’s outlook.

Czech  Koruna will have to be at weaker levels for a bit longer than we expected

The likely range for today will be 24.70-24.80, but we don't expect more weakness. 

CZK has proven resilient enough, and the market is already in short positioning. Therefore, we remain rather positive here, but the CZK will have to be at weaker levels for a bit longer than we expected.