The Czech currency continued moving around 32.000 level against the euro. The koruna modestly weakened in the morning influenced by neighbouring CE currencies. However, returned back in the afternoon at the closing level of 31.910 compared to the opening level of 32.035. Current account figures released yesterday had no impact at the EUR/CZK exchange rate. Against the dollar, the koruna was firming all day long as the dollar fell vs. The euro. The USD/CZK opened at 27.760 and reached 27.460 level at the end of the session.
No important data are released today and the koruna should remain stable. We expect the EUR/CZK to move in the range 31.850 - 32.050, as it opened at 31.940. The USD/CZK initiated at 27.380 and should not leave 27.200 - 27.700 brackets.
open high low close today (13.11.)
EUR/CZK 32.035 32.090 31.930 31.910 31.940
USD/CZK 27.670 27.750 27.445 27.460 27.38
CSOB, Investment Research