The koruna fluctuated within the range 32,53 - 32,76 EUR/CZK and closed at 32,56 on Friday. It strengthened from 33,175 to 32,560 last week. Because the koruna is not sensitive to economical data, we do not think it will react on today's industrial output data. London investors still concern on the koruna, but probability of taking profits still remains. The koruna opened at 32,565 and during the day it might fluctuate within the range 32,42-32,67 EUR/CZK. The rate USD/CZK opened at 25,520 and closed at 25,480 on Friday. It opened at 25,565 this morning and during the day it might fluctuate within 25,40-25,90 USD/CZK.
CSOB - Investment Research