On Thursday the Czech currency began at 32.075 against the euro and at 27.575 against the dollar. It was trading in a narrow range the whole day; there was no impulse for changes on the market. Positive news from the Parliament was eliminated by the approved budget deficit. In the afternoon the koruna closed a bit stronger at 32.040 per euro and at 27.385 per dollar. This morning the koruna opened at 32.030 against the euro and should stay within the range of 31.98 and 32.30. Against the dollar the koruna opened at 27.680 today and should move between 27.40 and 27.95.
CSOB, Investment Research