Trading on the Czech forex market was volatile again yesterday. The koruna firstly weakened against the euro to 32.120, however, rose at 31.750 level later due to eurodollar markets development. The koruna ignored better-than-expected retail sales data. The EUR/CZK is currently stuck around 32.000 level and we expect the same trend also today.
The EUR/CZK opened at 31.810 and the USD/CZK at 26.570. Vis-a-vis the dollar, the koruna should move in the range of 27.200 - 27.700 today.
open high low close today (19.11.)
EUR/CZK 31.955 32.120 31.720 31.750 31.810
USD/CZK 27.160 27.320 26.570 26.570 26.570
CSOB, Investment Research