The Czech currency was calm against the euro almost during the whole yesterday's session. The EUR/CZK was curbed between 32.000 - 32.105. However, the koruna strengthened modestly at the end of trading and closed at 31.970 in comparison to the opening level of 32.030. CNB's Bank Board meeting result did not affect the market.
The koruna rose also against the dollar, as it reached 27.350 from the initial level of 27.430. The koruna could be influenced today by an announcement of Korean automobile company Hyundai which stated, that the Czech Republic probably would be the best place for company's new plant. The EUR/CZK should move in the range of 31.900 - 32.100, as it opened at 32.000. Vis-a-vis the dollar, the koruna initiated at 27.540 and should not leave 27.400 - 27.800 brackets today.
open high low close today (31.10.)
EUR/CZK 32.030 32.105 31.959 31.970 32.000
USD/CZK 27.430 27.500 27.270 27.350 27.540
CSOB, Investment Research