The koruna confirmed short-term expectations and strengthened yesterday. Other middle European currencies did will too. The koruna is expected to appreciate gently today and it might attack the level of 33,00 EUR/CZK. The zloty and the forint represent the threat for the koruna and investors could také their profits. The time of long-term koruna appreciation has not come yet. The risk is tomorrow's current account, deficit of 26 bil. CZK is expected. The rate USD/CZK opened at 26,010 and closed at 26,100 yesterday. Today it opened at 26,060 and could fluctuate within the range 25,85 - 26,25. The rate EUR/CZK opened at 33,060 today.
CSOB Investment Research