The Czech currency was slowly strengthening on Monday

On Monday the Czech currency began at 32.150 against the euro and at 27.380 against the dollar. It was slowly strengthening during the day influenced by appreciating of Polish zloty and the rate EUR/CZK closed at 32.100.

On Wednesday it opened at 32.090 and should move between 31.90 and 32.30. Against the American currency the koruna closed at 27.270 on Monday. This morning it began at 27.380 and should move in a range of 27.20 and 27.70. We do not expect any important events to influence rates.

CSOB, Investment Research