The trading was absolutely calm on Monday, the koruna gently fell from
30.360 to 30.405 against the euro. Against the dollar koruna strengthened to
32.400 from the morning level of 32.580 before the end of tomorrow's
session.
The cause for this situation were closed U.K. markets and likely
also the world football championship currently taking place. The U.K.
markets are closed today as well, we do not expect any significant changes
today. The EUR/CZK should move in range 30.400 - 30.600 and the USD/CZK from
32.150 to 32.700. This morning the EUR/CZK started at 30.430 and the USD/CZK
at 32.280.
open max minx cls open 6/4
EUR/CZK 30,360 30,405 30,360 30,405 30,430
USD/CZK 32,580 32,640 32,380 32,400 32,280
(Stepanka Kuzilkova
Investment Research, CSOB)