The USD/CZK broke the level of 32.000 for the first time since January 1999.
The koruna strengthened from the morning level of 32.060 to 31.980 and
reached 3.5 year maximum. However, the koruna weakened later yesterday and
closed at 32.080. The koruna followed the EUR/USD development on Wednesday.
The EUR/CZK moved in the range of 30.130 - 30.340 and closed 30.390 in the
Industrial production figure, released yesterday in the morning,
had no influence on the koruna. Industrial output in the Czech Republic grew
by 8.2% in April, compared to 4.1% in March. Producer prices figure released
today shouldn't have any significant impact on the koruna. We expect the
EUR/CZK to move in the range of 30.300 - 30.550 and the USD/CZK should stay
in the range of 32.000 - 32.450 today.
open high low close today (13.6.)
EUR/CZK 30.130 30.440 30.340 30.390 30.395
USD/CZK 32.100 32.100 31.980 32.080 32.200
Stepanka Kuzilkova, Investment Research, CSOB