The political situation calmed down yesterday as the government approved the state budget deficit for the next year and Chamber deputy J.Hojdar stated, he could support government's public finance reform. The EUR/CZK opened at the level of 32.690 and reached 32.485 level at the end of the day. The koruna gained also vs. The dollar due to development on eurodollar markets. The USD/CZK closed at 28.830 in comparison to the initial level of 28.960. No important macroeconomic figures are expected today, however, fears of political uncertainties are still present on the market. The EUR/CZK should move in the range of 32.300 - 32.500, while it opened at 32.410. Vis-a-vis the dollar, the koruna opened at 28.770 and should not leave 28.600 - 29.100 brackets.
open high low close today (19.9.)
EUR/CZK 32.690 32.790 32.485 32.485 32.410
USD/CZK 28.960 29.070 28.740 28.830 28.770
CSOB, Investment Research