The koruna has settled in the range of 31.860 - 31.950 on Friday and confirmed, that the right time for the robust koruna strengthening hasn't come yet.
The trading should be technical today, however, the release of an expected narrowing of the trade balance gap, due tomorrow, could support the koruna slightly. The EUR/CZK exchange rate should be curbed between 31.750 - 31.980 today, as it opened at 31.880. Vis-a-vis the dollar, the koruna initiated at 26.780 and should not leave 26.500 - 27.000 brackets.
open high low close today (24.11.)
EUR/CZK 31.860 31.940 31.860 31.900 31.880
USD/CZK 26.780 26.890 26.750 26.780 26.780
CSOB, Investment Research