The Czech koruna fell against the euro and moved to more than two-year minimum on Friday. It eased back at the end of the day. The mood about Central European markets is still negative. IMF head and other economists will deal accepting euro in Prague. An important news influencing the koruna can come from this session. National budget results will be published today, the koruna may not be affected by this.
The rate USD/CZK started at 26.735 this morning and during the day it might hold range 26.55 - 26.95. The koruna opened against the euro at 33.315 and might stay between 33.10 - 33.50 during the day. European Union The dollar appreciation continued on Friday. Turnover came after American GDP indicator was published and the dollar fell down to 1.2489. The correction came after publishing of Michigan university and Chicago PMI index. Globally the euro raised from morning 1.2384 to 1.2474. The rate EUR/USD is 1.2445 this morning and might stay between 1.2380 - 1.2480 during the day.
Investment Research, CSOB