The koruna fluctuated within the range 32.430-32.685 EUR/CZK on Monday. It showed positive reaction to industrial production figures, which were better than expected. The trend was changed in the afternoon and the koruna started to weaken because investors began taking their profits. Neither London bank purchase orders nor appreciation of zloty and forint helped the koruna to rise. Today the koruna probably will not reach yesterday's levels and the rate might fluctuate within the range 32.55-32.85 EUR/CZK. The rate USD/CZK started at 25,580 and closed at 25.570 on Monday. Today it might fluctuate in the range 25.30-25.90 USD/CZK, it opened at 25.515 in the morning.
CSOB Investment Research