The koruna firmed modestly to 32.345 level yesterday and could follow the same trend also today. The EUR/CZK ignored yesterday's retail sales figure. The market is shallow and the risk of unexpected movements is rising. We expect the koruna to move in the range of 32.200 - 32.450 against the euro, while it opened at 32.355 level. Vis-a-vis the dollar, the koruna opened at 26.035 and should remain between 25.800 - 26.300 brackets.
open high low close today (19.12.)
EUR/CZK 32.450 32.460 32.300 32.345 32.355
USD/CZK 26.150 26.160 26.065 26.140 26.035
CSOB, Investment Research