The Czech koruna strengthened against the euro form 30.510 to 30.440 due to
a large euro sell order from a foreign bank in Prague, that triggered a
break through the support 30.500 level in a thin market. Against the dollar
the koruna edged up to 32.300 from 32.330.
There is a lack of impetus on the
market. Industrial output figure also shouldn't have a significant impact
today. The koruna is still under the influence of euro-dollar markets. We
expect the EUR/CZK to move in the range of 30.350 - 30.550 and the USD/CZK
shouldn't leave the range of 31.900 - 32.450.
open high low close today (12.6.)
EUR/CZK 30.510 30.585 30.390 30.440 30.430
USD/CZK 32.330 32.370 32.250 32.300 32.100
Stepanka Kuzilkova, Investment Research, CSOB