Trading in the Czech koruna had traditionally technical character yesterday. On Wednesday, the koruna did not break the boundary of 32.63 for one Euro, so it turned in the opposite direction, towards EUR/CZK 32.80. Today's data on inflation and industrial production did not surprise anybody and the market stayed calm. The rate EUR/CZK opened at 32.745 today and should move between 32.66 and 32.86. The USD/CZK began at 26.855 and should fluctuate in the range of 26.75 and 27.25.
ČSOB Investment Research