Trading with the Czech koruna was quiet. The koruna opened at the level of
30.610 on Monday morning but then weakened to 30.700. The koruna was firming
during afternoon trading and closed at 30.540. Trading was influenced mostly
by euro-dollar market. Czech statistic office has released March industrial
output today. We expect the koruna to be under the influence of the
euro-dollar market again today. The EUR/CZK should stay in the range of
30.350 - 30.650 and the USD/CZK should move in the range of 33.340 - 33.840.
open high low close today (14.5.)
EUR/CZK 30.600 30.680 30.565 30.565 30.560
USD/CZK 33.430 33.570 33.430 33.560 33.670
(Martin Kocura, CSOB Investment Research)