The koruna closed at 32.400 against the euro and was stable for all the day. Deputy finance minister Janota confirmed, that Czech government will issue eurobonds due in 2014 in total value 1 bil. EUR. The issue is planned to the half of the year. We expect the koruna to strengthen today, the rate EUR/CZK might fluctuate within 32.25-32.45. The koruna opened at 32.385 against the euro. The rate USD/CZK might fluctuate within the range 25.80-26.30, it opened at 25.985 this morning.
CSOB Investment Research