The koruna went on strengthening versus the U.S. dollar on Thursday, it rose
from 32.690 in the morning to 32.380 and closed at 32.500. It was supported
by the trend on the euro-dollar market. Against the euro the koruna firmed
from 30.580 as far as to 32.420 and closed at 30.450.
The announcement that
the CNB Bank Board left rates on hold spurred its firming. However, the CNB
stated that despite koruna's weakening from all-time highs in the last few
weeks it didn't consider its current level to be adequate. Today, we
anticipate a relative stability of the EUR/CZK in the range 30.350 - 30.600
and the USD/CZK from 32.260 -32.860. This morning, the EUR/CZK opened at
30.500 and the USD/CZK at 32.550.
open max min cls open 31/5
EUR/CZK 30,580 30,580 30,420 30,450 30,500
USD/CZK 32,690 32,720 32,380 32,500 32,550
Investicni vyzkum, CSOB