On Tuesday the Czech currency began at 32.070 against the euro and at 28.000 against the dollar. After quiet mid-session it strengthened to 31.900 due to interests of London investors and closed at 31.920. The calm on Polish and Hungarian FX markets also contributed to koruna's strengthening.
The rate EUR/CZK opened at 31.870 this morning and should stay in a range of 31.70 and 32.10. The koruna closed at 27.750 against the dollar on Tuesday.
Today the koruna began at 27.750 against the greenback and should move between 27.45 and 27.95.
CSOB, Investment Research