The Czech currency moved in a narrow range between 31.945 and 32.065 yesterday. The National Bank meeting did not influenced the koruna. However, the forint depreciation had a negative impact on the koruna. We guess that further forint development might slightly influenced the Czech currency even in the future.
The rate EUR/CZK began at 32.050 this morning and should stay between 31.90 and 32.20. Against the dollar the koruna opened at 26.870 and should move in a range of 26.60 and 27.10. Today events on Central European FX markets may be more important for rate movements than events on our domestic scene.
CSOB, Investment Research