The Czech koruna was gaining against the euro during yesterdays trading. The
EUR/CZK opened at 30.850, later firmed at the level of 30.570 and closed at
30.670. Trading was influenced mostly by technical factors. The CNB meeting
did not have a monetary policy on the agenda yesterday. The Czech foreign
trade gap for April narrowed more than market expected. We expect the
EUR/CZK to move in the range of 30.550 - 30.850, the koruna should not break
the level of 31.000. The USD/CZK should stay in the range of 33.000 - 33.400
today.
open high low close today (24.5.)
EUR/CZK 30.850 30.850 30.570 30.670 30.690
USD/CZK 33.320 33.400 33.020 33.400 33.360
Martin Kocura, CSOB Investment Research