The Czech currency slipped vs. the euro due to technical factors and also due to losses posted by the other Central European currencies. The EUR/CZK opened at 32.000, touched the level of 32.110 during the session and closed at 32.030. Against the dollar the koruna also firstly fell, however it finally closed at the opening level of 27.540.
Budget deficit figure released today will not affect the market. The EUR/CZK should move in the range of 31.900 - 32.100 as it initiated at 32.030. Vis-a-vis the dollar, the koruna opened at 27.640 and should not leave 27.500 - 27.900 brackets.
open high low close today (3.11.)
EUR/CZK 32.000 32.110 31.965 32.030 32.030
USD/CZK 27.540 27.620 27.500 27.540 27.640
CSOB, Investment Research