The koruna gently strengthened and closed at 32,740 EUR/CZK yesterday. Trading had mostly technical character, there were no economical impulses coming. Different statements came from the government. According to Prime Minister Špidla the koruna is too strong and its EMU joining value should be weaker. On the other hand minister Sobotka considers current rate positive. Today we expect the rate EUR/CZK between 32,68-32,88, the koruna opened at 32,745 today. The rate USD/CZK opened at 25,775 and might fluctuate within the range 25,48-25,98 today.
CSOB Investment Research