The worse-than-expected current account deficit in October also didn't awake the koruna from the Christmas mood. The EUR/CZK was curbed between 32.060 - 32.170 all day long. We expect the koruna to move at similar levels also today. The EUR/CZK opened at 32.105 and the USD/CZK at 26.300. Vis-a-vis the dollar, the koruna should not leave 25.800 - 26.300 brackets.
open high low close today (15.12.)
EUR/CZK 32.100 32.170 32.060 32.110 32.105
USD/CZK 26.230 26.250 26.170 26.170 26.300
CSOB, Investment Research