Setting Out Our SKK Stall

October 2006 | Market Strategy

Over the past few weeks we have been highlighting our bullish view on the Slovak koruna. On a technical basis, the unit continues to look like a superb long term prospect - perhaps the best amongst the liquid CEE currencies. Our next target is SKK34.00/EUR, which represents 7.6% of upside (albeit with the potential for some volatility on the way due to political factors) even after the 5% appreciation seen since July is taken into account. As such, it is time to take another look at the factors which we think will drive the unit higher

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