Thursday's trading was calm affected only by technical factors. The Czech
currency fell to 30.470 from 30.390. The market doesn't show any
pre-election jitters, the poll start today afternoon. Neither their results
should have any significant impact on the koruna.
The nearest event, which
could affect the market, will be the release of GDP for Q2 (June 20). For
today, we do not expect any significant moves of the exchange rate. The
EUR/CZK should stay in the range of 30.400 - 30.600 and the USD/CZK should
remain in the bracket of 32.050 - 32.550.
EUR/CZK 30,395 30,490 30,385 30,470 30,480
USD/CZK 32,200 32,410 32,200 32,250 32,265
Stepanka Kuzilkova, Investment Research, CSOB