The euro strengthening against the dollar dipped also the koruna, but the koruna did not react when the dollar rebounded. With the exception of the Slovak koruna that reached its maximum against the euro all Central European currencies weakened. Today we expect the EUR/CZK rate between 32.42 and 32.62. The USD/CZK opened at 25.390 on Monday and closed at 25.410, it opened at 25.565 this morning and should move in a range of 25.20 and 25.70. Against the euro the koruna began at 32.575.
CSOB, Investment research