The koruna went on appreciating yesterday. Probably a London bank was behind the buy orders, which led to stronger koruna growth - up to 32,80 EUR/CZK. The koruna fluctuated near this level at the end of the day as well and closed at 32,815 EUR/CZK. But the koruna is expected to slip today because of negative current account balance. Investors might also také their profits today. We expect today's range: 32,75-33,05 EUR/CZK. The rate USD/CZK opened at 26,030 and closed at 25,750 yesterday. Today it opened at 25,565 and during the day might fluctuate within the range 25,30-25,70 USD/CZK. The koruna opened at 32,795 against the euro this morning.
CSOB - Invesment Research