The koruna reached the level of 32.780 vs. the euro before the
Christmas and it could move both directions this week. However, we don't
think it could break 33.000 level. We expect the EUR/CZK to move in the
range of 32.550 - 32.850 today, as it opened at 32.615. Vis-a-vis the
dollar, the koruna initiated at 26.195 and should not leave 26.000 - 26.500
brackets.
open high low close today (29.12.)
EUR/CZK 32.500 32.680 32.430 32.680 32.615
USD/CZK 26.200 26.320 26.150 26.160 26.195
CSOB, Investment Research