The koruna was stuck again in a tiny range of 31.855 - 31.940 all day long. Better-than-expected foreign trade data for October and the final decision of South Korean car maker Hyundai not to build a new plant in the Czech Republic remained without any reaction on the forex market.
We expect technical trading today, the EUR/CZK should be curbed in the range of 31.800
- 32.000. It opened at 31.860. Vis-a-vis the dollar, the koruna initiated at the level of 26.940 and should not leave 26.750 - 27.250 brackets.
open high low close today (26.11.)
EUR/CZK 31.885 31.930 31.855 31.870 31.860
USD/CZK 27.040 27.140 26.985 27.030 26.940
CSOB, Investment Research