The koruna keeps falling deeper into a Christmas mood, although it tried to break the 32.000 level against the euro yesterday. The EUR/CZK exchange rate finally closed at 32.070. The Czech currency may get excited today after the current account data release, however, we don't expect any significant movements. The EUR/CZK should move in the range of 31.950 - 32.150, as it opened at 32.105. Vis-a-vis the dollar, the koruna initiated at 26.350 and should not leave 26.150 - 26.550 brackets.
open high low close today (12.12.)
EUR/CZK 32.090 32.120 31.995 32.095 32.105
USD/CZK 26.350 26.460 26.300 26.430 26.350
CSOB, Investment Research