On Monday the Czech currency opened at 32.060 per the euro and at 27.240 per the dollar. The trading session was quiet, the koruna lost slightly against the single currency. It depreciated more against the dollar due to euro-dollar market development. The rate EUR/CZK closed at 32.085 yesterday. It began at 32.100 today and should move in a range of 31.90 and 32.25. Against the greenback the koruna opened at 27.650 this morning and should stay between 27.40 and 27.80. Production price index released today should have limited influence only; the rates should more depend on euro-dollar market movements.
CSOB, Investment Research