The koruna continued strengthening against the dollar and reached a new
3.5-year maximum at 31.250. The USD/CZK touched the level of 31.400 during
the morning trading and consequently firmed at 31.250 in the afternoon due
to further sales of the U.S. stocks and weakening of the dollar against the
euro. The USD/CZK closed at 31.280. The koruna also strengthened against the
euro from the morning level of 30.330 to 30.250. It closed at 30.300. Trade
balance figure has been released today. The EUR/CZK might be influenced only
in case of worse-than-expected figure. We expect the EUR/CZK to move in the
range of 30.200 - 30.450 and the USD/CZK should stay between 31.000 -
31.400. The EUR/CZK opened at 30.295 today and the USD/CZK opened at 31.200.
open high low close today (24.6.)
EUR/CZK 30.390 30.425 30.260 30.310 30.295
USD/CZK 31.450 31.505 31.230 31.270 31.200
(Martin Kocura, CSOV Investment Research)