On Monday the Czech currency opened at 31.830 against the euro and at 27.330 against the dollar. The trading session was quiet; the koruna went on appreciating slowly. It closed the day at 31.770 and at 27.240. This morning the rate USD/CZK opened at 27.310 and should stay between 27.10 and 27.70. The rate EUR/CZK began at 31.770 today and should be traded in a range of 31.50 and 32.00. The FX market might wait for foreign trade data to be released tomorrow; no important events are expected today.
CSOB, Investment Research