The EUR/CZK did not leave the range 30.320 - 30.420. An announcement that
the Germany"s RWE had paid for the state-held share in gas utility Transgas,
had no impact on the market. The money has been deposited on a
foreign-currency account at the CNB in line with the government's agreement
with the CNB. Versus the dollar the koruna slightly firmed from 33.290 in
morning to 33.245 in late afternoon. Also today's trading should be calm,
the EUR/CZK is likely to stay in range 30.280 -30.480 and the USD/CZK 33.000
- 33.600.
open max min cls open 17/5
EUR/CZK 30.340 30.410 30.330 30.400 30.430
USD/CZK 33.290 33.380 33.200 33.245 33.300
Stepanka Kuzilkova, CSOB Investment Research