The Czech koruna followed its previous trend yesterday and remained calm vs. The euro without any significant changes. The koruna closed weaker at 31.945 level compared to the initial level of 31.860.
The CNB's Bank Board meeting due today should not have any impact at the koruna as no changes in interest rates are expected. The EUR/CZK exchange rate should be curbed between 31.850 - 32.050 as it opened at 31.950 today. Vis-a-vis the dollar, the koruna initiated at the level of 26.780 and should stay in the range of 26.600 - 27.100.
open high low close today (27.11.)
EUR/CZK 31.860 31.950 31.840 31.945 31.950
USD/CZK 26.940 27.020 26.780 26.780 26.780
CSOB, Investment Research