The Czech currency was curbed in the tiny range of 31.900 - 32.000 all day long yesterday. The EUR/CZK closed at 31.975 compared to the initial level of 32.000. Against the dollar, the koruna fell slightly due to eurodollar markets development. The USD/CZK exchange rate opened at 27.950 and closed at 27.960.
No important impulses should influence the market today .The EUR/CZK should not leave 31.900 - 32.100 brackets, while it opened at 31.975. Vis-a-vis the dollar, the koruna opened at 28.000 and should move in the range of 27.800 - 28.200.
open high low close today (7.11.)
EUR/CZK 32.000 32.010 31.950 31.975 31.975
USD/CZK 27.950 28.050 27.930 27.960 28.000
CSOB, Investment Research