The Czech currency movement was determined by technical trading yesterday. On Wednesday the koruna lost CZK 0.1 and stayed between 32.300 and 32.450. We do not expect that retail sales released today might influence the koruna.
We see today's range at 32.350 and 32.600 per euro. The rate EUR/CZK opened at 32.435 today. The rate USD/CZK began at 26.155 and should move between 25.90 and 26.40.
CSOB, Investment Research