On Wednesday the Czech currency strengthened against the euro in the morning as reaction to positive foreign trade in September. The rate EUR/CZK reached 31.840 from morning's 31.910. Later on it reversed the trend and the koruna slid to 31,940, but closed at 31.915. The koruna appreciated also against the dollar. The rate USD/CZK moved from 27.270 in the morning to 27.070 when closed mainly due to movement on euro-dollar markets. No important data to be released today, the rate EUR/CZK opened at 31.880 this morning and should stay in a range of 31.75 and 31.95. Against the dollar the koruna began at 26.960 today and should stay between 26.70 and 27.20.
CSOB, Investment Research