Yesterday the Czech currency surged against both main world currencies due to government success in approving the first fiscal reform law by parliament. It opened at 31.900 against the euro and at 27.810 against the dollar. The rate EUR/CZK closed at 31.715 in the afternoon after touching the 31.670 levels. The rate USD/CZK closed at 27.590. The Czech koruna opened at 31.670 against the euro this morning and should move between 31.400 and 31.900. The pair USD/CZK opened at 27.690 should stay in a range of 27.400 and 27.900.
CSOB, Investment Research