The Czech currency fell modestly against the euro right in the beginning of
the morning trading from the initial level of 32.680 to 32.760. The rest of
the day was calm and the EUR/CZK exchange rate was curbed between 32.650 -
32.760. It closed at 32.700. Against the dollar, the koruna rose due to
development on eurodollar markets. The USD/CZK closed at 29.090 in
comparison to 29.330 in the beginning of trading.
No important data are
released today. However, the koruna might gain slightly in reaction to the
news, that MP J.Hojdar may support public finance reform. The EUR/CZK should
move in the range of 32.600 - 32.800, while it opened at 32.690. Vis-a-vis
the dollar, the koruna initiated at 28.960 and should not leave 28.800 -
29.300 brackets.
open high low close today(18.9.)
EUR/CZK 32.680 32.760 32.630 32.700 32.690
USD/CZK 29.330 29.330 29.090 29.090 28.960
CSOB, Investment Research