It opened
at 32.510 and strengthened to 32.440. But it depreciated slightly in the
afternoon and closed at 32.470. The rate USD/CZK started at 29.550, stayed
in a range of 29.490 and 29.600 and the session finished at 29.580. The rate
opened at 29.740 this morning and should move between 29.400 and 29.900. The
rate EUR/CZK opened at 32.450 today and should move between 32.350 and
32.650.
No important events are expected on Tuesday. However, the koruna
remains under pressure due to possible problems with next year budget
approval. It is known that the Czech Premier is ready to abdicate, if the
budget proposal is not approved by the parliament.
Zdenek Safka, Investment Research, CSOB