There was a lack of impulses on the Czech FX market yesterday

There was a lack of impulses on the Czech FX market yesterday and the EUR/CZK was moving between 32.550 - 32.665. The koruna ignored better-than-expected industrial output data released yesterday. The situation on the market should be similar to Wednesday. We expect the EUR/CZK to move in the range of 32.450 - 32-650 as it opened at 32.605 today. The USD/CZK initiated at 25.755 and should not leave 25.400 - 25.900 brackets.

	Open	high	low	close	today (15.1.)
EUR/CZK	32.615	32.665	32.565	32.600	32.605
USD/CZK	25.620	25.780	25.620	25.700	25.755

CSOB, Investment research