The Czech currency strengthened to 31.88 by mid-session, but slipped through 32.00 per euro in the afternoon. The trade session was buoyant the whole day. Production prices released today could not influence the koruna; it is waiting for an impetus to push it up.
The koruna opened at 32.050 against the euro this morning and should stay in a range of 31.90 and 32.25. The rate USD/CZK opened at 27.23 and should move between 27.00 and 27.40.
CSOB, Investment Research