The koruna strengthened against the U.S. dollar about another 20 hallers as
the dollar continued falling against the euro yesterday. The koruna closed
at 31.550. The dollar losses on the world markets are the only reason of it.
The koruna didn't respond to the less favorable GDP figures on Thursday, it
was calm and closed at 30.400. Today the EUR/CZK started at 30.390 and the
USD/CZK at 31.450. We anticipate the EUR/CZK to stay calm again and should
move in range 30.350 - 550 and the USD/CZK to move from 31.360 to 31.800.
open max min cls open 21/6
EUR/CZK 30.479 30.535 30.400 30.400 30.390
USD/CZK 31.790 31.860 31.540 31.550 31.450
CSOB, Investment Research