The koruna moved within 33,270-33,390 yesterday and kept the range we forecasted. Today's Czech bond auction can influence the exchange market. Successful auction could bring the opinion that euro emission will be smaller than expected and the koruna can loose a bit. The other possibility is that the auction will have no influence and than we will stay at yesterday's values. For today we expect the rate EUR/CZK in a range 33,20-33,40, respectively 33,50. The rate USD/CZK started today at 26,520 and might stay in the range 26,45 - 26,95. The rate EUR/CZK opened at 33,260 this morning.
CSOB, Investment research