The USD/CZK was affected by the development of the EUR/USD on the world
forex markets. The koruna finally strengthened from 32.500 in the morning to
32.380. Against the euro the Czech currency weakened from 30.500 to 30.678
and closed at 30.600. The common trading was behind it, the euro's
strengthening against the dollar has almost no impact. The EUR/CZK got back
to the range 30.450 - 30.750 and should stay in it also today. The USD/CZK
we expect to move from 32.000 to 32.600.
open max min cls open 7/6
EUR/CZK 30.500 30.675 30.500 30.600 30.600
USD/CZK 32.630 32.810 32.360 32.820 32.300
(Stepanka Kuzilkova,
CSOB, Investment Research)