On Friday the Czech currency was strengthening slightly the whole day, the week was closed at 32.38 per euro. The reason for such an appreciating was in de-tension on Central European FX markets. Today the koruna movement may be influenced by both other FX market events in Central European area and by released macro data. Higher CPI in November could damage the koruna. Even the euro strengthening against the greenback could influence the koruna. If FX markets are quiet today we expect a minimal koruna's appreciation only.
This morning the rate EUR/CZK began at 32.300 and should stay within 32.15 and 32.45. Against the dollar the koruna opened at 26.570 and should remain between 26.25 and 26.75 today.
CSOB, Investment Research