The koruna was hit again by a turmoil in Hungary and fell slightly on Friday. However, the EUR/CZK got back and was moving around the level of 32.000 today. The influence of forint's sharp weakening vs. The euro could slowly fade away today, the koruna also should not be affected by Novemeber's budget statement release. The EUR/CZK should move in the range of 31.900 - 32.100, opened at 31.970 in the morning. The USD/CZK initiated at 26.620 and should remain between 26.400 - 26.900.
open high low close today (1.12.)
EUR/CZK 32.050 32.110 31.980 31.980 31.970
USD/CZK 26.870 26.880 26.700 26.700 26.620
CSOB, Investment Research