The koruna fell below the level of 33.000 vs. The euro (max.33.060) as a negative mood against the Czech currency from the last days continued on the market. The koruna was also influenced by a large client order. We can see also some foreign players leaving the market. We don't expect any significant change of the mood. The EUR/CZK should move in the range of 32.900 - 33.100 as it initiated at 33.015. Vis-a-vis the dollar, the koruna opened at the level of 26.175 and should not leave 25.950 - 26.350 brackets.
open high low close today (21.1.)
EUR/CZK 32.845 33.060 32.660 33.040 33.015
USD/CZK 26.520 26.520 26.240 26.500 26.175
CSOB, Investment research