The Czech currency firstly gained against the euro in the beginning of
yesterday's trading from the initial 32.440 to 32.320 due to foreign
purchases. However, market activity decreased later and the koruna weakened
again. It closed at 32.440. The USD/CZK exchange rate followed eurodollar
markets. It fell from the opening level of 29.900 to 30.000 during the
morning and the koruna closed firmer vs. the dollar at 29.810 as the dollar
slipped against the euro.
No important data are released today. The koruna
will be influenced mostly by the current political risks. The EUR/CZK
initiated at the level of 32.460 today and should be curbed between 32.350 -
32.550. Against the dollar, the koruna opened at 29.890 and should move in
the range of 29.600 - 30.000.
open high low close today (27.8.)
EUR/CZK 32.440 32.470 32.320 32.440 32.460
USD/CZK 29.900 30.000 29.780 29.810 29.890
Martin Kocura, Investment Research, CSOB