The koruna was moving between 31.770 - 31.890 brackets against the euro during yesterday's session. The euro is currently falling vs. The dollar on the world markets and its influence on the koruna may fade slowly. We expect the koruna to fall modestly against the euro.
The EUR/CZK should move in the range of 31.770 - 32.020, as it opened at the level of 31.845 today.
open high low close today (20.11.)
EUR/CZK 31.810 31.890 31.800 31.880 31.845
USD/CZK 26.570 26.750 26.570 26.750 26.750
CSOB, Investment Research