On Wednesday the Czech currency began trading at 31.670 per the euro and at 27.690 against the dollar. It was depreciating during the day as for profit taking and for parliament no-confidence voting tomorrow. The Czech currency closed the trading at 31.880 and 27.810. The rate EUR/CZK opened at 31.900 this morning and should move between 31.800 and 32.200. Against the greenback the koruna started at 27.760 and should stay in a range of 27.500 and 28.000. The rate might be influenced by the debate in the parliament and by the development on Eurodollar markets.
CSOB, Investment Research