The koruna was falling against the euro almost all day long due to technical factors, ignoring morning strengthening from the opening level of 31.770 to 31.725. The EUR/CZK closed at 31.915 level at the end of the day. The Czech currency slipped also against the dollar as the USD/CZK exchange rate touched 27.390 during the session in comparison to the opening level of 27.310. It closed at 27.350. Trade deficit figure is released today. The koruna could be affected if the result were a surprise. The EUR/CZK should move in the range of 31.750 - 32.000, while it opened at 31.910. Vis-a-vis the dollar, the koruna initiated at 27.270 and should not leave 27.100 - 27.500 brackets.
open high low close today (22.10.)
EUR/CZK 31.770 31.915 31.725 31.915 31.910
USD/CZK 27.310 27.390 27.250 27.350 27.270
CSOB, Investment Research