The EUR/CZK was curbed in the tiny range of 32.360 - 32.430.
We expect the EUR/CZK exchange rate to move between 32.200 - 32.400 as it
opened at 32.415.
The koruna will be influenced by eurodollar market in
coming days. The Czech currency should stay around 32.500 level if the euro
keeps firming vs. the dollar. Vis-a-vis the dollar, the koruna initiated at
25.465 and should move in the range of 25.400 - 25.900.
open high low close today (7.1.)
EUR/CZK 32.400 32.430 32.360 32.360 32.415
USD/CZK 25.470 25.500 25.280 25.380 25.465
CSOB, Investment Research