The traders pushed the koruna up yesterday, it strenghtened to 32,56 CZK/EUR

The Czech koruna strengthened against the euro by CZK 0.2 from 32.725 to 32.560 on Thursday. Traders did not succeed to weaken the Czech currency on Wednesday; therefore they tried to push it to the other side from London and succeeded. Positive macro data should have supported the movement, however, as usually they did not influenced the market. Today, we expect a quit session due to Easter holidays. The rate EUR/CZK opened at 32.545 today and should stay between 32.45 and 32.62. The koruna began at 26.905 against the greenback and should fluctuate in the range of 26.75 and 27.15.

ČSOB - Investment Research