The koruna continued its upward journey against the dollar yesterday and hit
three years record of 31.820. The USD/CZK touched the level of 31.900 during
the morning trading, following the development on euro-dollar markets, it
reached a new peak in the afternoon. The USD/CZK closed at 31.930. The
EUR/CZK was calm yesterday and moved between 30.450 - 30.530.
The release of
GDP figure for Q1 shouldn't have a significant impact on the koruna if it is
in-line with expectations. The koruna will also watch the euro-dollar
markets development. We expect the EUR/CZK to move in range of 30.350
-30.600 and the USD/CZK should stay between 31.650 - 32.000. The EUR/CZK
opened at 30.460 today and the USD/CZK at 31.790.
open high low close today (20.6.)
EUR/CZK 30.500 30.530 30.450 30.470 30.460
USD/CZK 31.970 32.000 31.800 31.930 31.790
Stepanka Kuzilkova, Investment Research, CSOB