The Czech currency ignored yesterday's inflation and unemployment data. Trading was calm and the koruna was moving vs. The euro around 32.000 level all day long. The EUR/CZK exchange rate opened at 31.980 and closed at the level of 31.970. Against the dollar, the koruna followed eurodollar markets development. The USD/CZK initiated at 27.760 level. The koruna slipped to 27.920 during the day, however, closed firmer at 27.800.
Industrial output data due today will not influence the koruna significantly. The EUR/CZK should move between 31.900 - 32.100, while it opened at 31.950 today. Vis-a-vis the dollar, the koruna initiated at 27.860 and should be curbed in the range of 27.600 - 28.000.
open high low close today (11.11.)
EUR/CZK 31.980 32.035 31.970 31.970 31.950
USD/CZK 27.760 27.920 27.760 27.800 27.860
CSOB, Investment Research