Friday didn't bring any excitement for the koruna. The koruna continued to
weaken during the day from 30.400 at the morning to the level of 30.560 at
the end of trading. The EUR/CZK watched the euro-dollar market. Today retail
sales figure has been released. We don't expect any impact on the koruna.
The more important figure for the koruna will be April trade balance
released on Friday. We expect the EUR/CZK to stay in the range of 30.400 -
30.650 today and in the range of 33.000 - 33.400 against the dollar.
open high low close
EUR/CZK 30,39 30,59 30,39 30,57
USD/CZK 33,245 33,34 33,16 33,23
Martin Kocura, CSOB Investmant Research