After Czech republic left the protection zone of central bank we expected the CZK to got stronger and in time to cross 26,00 or at least 26,50 and therefore to prove to market, that the value was too low and there was reason for central bank to keep it so low on 27,00.
It is almost 15 days since the the crown was left free. Expectations risen. Speculations growing.
And we are now back on 27,00. Is it due to the phenomenon describing the expectation of the economy following the weak times?
No comments:
Post a Comment