Yesterdays' morning trading was calm, the EUR/CZK was moving around the
level of 30.550. However, the Czech currency started to firm during
afternoon session, touched the level of 30.380 and closed at 30.400.
USD/CZK was under the influence of firming dollar on the euro-dollar markets
and the koruna consequently fell against the dollar from 30.890 in the
beginning to 31.100 in the end of trading. The koruna will watch the CNB
presence on the market today and also will follow EUR/USD development. We
expect the EUR/CZK to move in the range of 30.300 - 30.600 and the USD/CZK
should be curbed between 30.800 - 31.400.
open high low close today (30.7.)
EUR/CZK 30.500 30.570 30.380 30.390 30.370
USD/CZK 30.890 31.100 30.770 31.050 30.980
Stepanka Kuzilkova, Investment Research, CSOB