The koruna opened Friday's trading at 31,735 EUR/CZK. At 9 a.m. support was brought by surprisingly positive result of June trading balance and the koruna firmed to 31,600. There was no other surprise in the rest of the day hence the koruna closed at 31,560 EUR/CZK. Today the market is waiting for influential data. A slight increase of inflation and growing unemployment will according to our opinion bring slight correction of the EUR/CZK rate. For today we expect the koruna to move within 31,45-31,65, the koruna opened at 31,545 this morning.
ČSOB - Investment Research