Koruna, slew down by zloty, closed at 33.120 CZK/EUR

The koruna moved within 33.120 - 33.290 and closed at 33.120 CZK/EUR on Friday. The tendency to move to 33.00 CZK/EUR was put back by nervousness on the zloty. Today's inflation and unemployment indicators will not probably influence the koruna, which tends to rise but faces the forint and the zloty difficulties. Due to negative sentiment on both central European currencies market the koruna has very little space for strengthening. Today we expect the rate CZK/EUR to move within 33.06 - 33.26 . The rate CZK/USD opened at 26.510 and closed at 26.070 on Friday. Today it opened at 26.030 CZK/USD and during the day it could keep the range 25.80 - 26.30 CZK/USD. The rate CZK/EUR opened at 33.155 this morning.

CSOB - Investment Research