On Monday the Czech currency steadied against the euro and moved in a narrow range of 32.765 and 32.870. Retail sales released today should have little impact on the koruna. We expect today's rate between 32.70 and 32.90 per the euro. The rate USD/CZK opened at 26.440 yesterday and closed at 26.500, it began at 26.445 this morning and should move in a range of 26.20 to 26.70. On Tuesday the koruna opened at 32.835 against the euro.
CSOB, Investment research