On Monday the Czech currency began at 32.120 against the euro and at 28.110 per the dollar. It extended its gains from previous sessions, broke the limit of 32.00 and firmed up to 31.850, i.e. the highest two months level. It finished the session at 31.890. The koruna gained against the dollar as well and reached the level of 27.740. It revised its gains at the end of yesterday's session and closed at 27.780. The reason for koruna's strengthening was in increasing chances that the government could enforce its fiscal reform in parliament. The rate USD/CZK opened at 27.810 today and should move between 27.600 and 28.100. The exchange pair EUR/CZK began at 31.900 and should stay between 31.70 and 32.10. No important macro data is to be released today.
CSOB, Investment Research