Yesterday the Czech currency opened at 31.910 against the euro and at 27.310 against the dollar. It strengthened against the both currencies in the morning, but per the euro lost its previous gains in the afternoon and closed at 31.965. This morning the rate EUR/CZK began at 32.000 and should move in a range of 31.80 and 32.20. However, the koruna defended its strength against the greenback on Wednesday and after a volatile trading session closed at 27.300. The rate USD/CZK opened at 27.240 this morning and should stay between 27.00 and 27.60. The rates should follow trends on euro-dollar markets; no surprise is expected on our domestic scene.
CSOB, Investment Research