The koruna started to weaken due to abroad investors activity right after the beginning of the trading. The opening value seemed to be attractive because of current political situation in the country - government coalition difficulties are still possible and so is further koruna depreciation. The unemployment rate had very small impact on the rate. The koruna was traded between 33-03-33.12. In the afternoon there was seen rather technical trading and the koruna firmed slightly. It closed under 33.00 in the end of the trading day. The market will be nervous today, the government failure in carriage of the hire law could send the koruna down. The koruna might be traded within the range of 32.85-33.25 today, the rate EUR/CZK opened at 33.015 today. Against the dollar it started at 26.525 and might fluctuate within the range 26.30-26.80 USD/CZK during the day.
ČSOB - Investment Research