The yesterday's trading was calm again. Clients orders were the only factor
which influenced the trading. The USD/CZK fell to 32.095 from the morning
level of 32.300 and closed at 32.170. Versus the euro the koruna boosted to
30.300 from 30.430 and closed slightly higher at 30.350.
The U.K. markets
join today's trading and the C/A for the Q1 will record a very narrow gap
(1.9% of GDP n.s.a.) which could lead to another strengthening of the Czech
currency. The EUR/CZK should move in range 30.250 - 30.450 and the USD/CZK
from 32.000 to 32.550. This morning the EUR/CZK started at 30.355 and the
USD/CZK at 32.280.
open max min cls open 6/5
EUR/CZK 30,430 30,445 30,300 30,350 30,355
USD/CZK 32,300 32,370 32,095 32,170 32,280
Investment Research, CSOB)