The EUR/CZK opened at the level of 32.350 yesterday and the koruna fell
during the session to 32.460. Market activity was low as trading in London
was closed due to holiday in UK. The koruna also slipped against the dollar
to 29.800 in comparison to the initial level of 29.740.
The Czech currency
will ignore today's average nominal wage figure, however, could react a bit
to the statement of government's deputy J.Hojdar. He said at the weekend
that he might not support the public finance reform. The EUR/CZK should move
in the range of 32.300 - 32.500, while it opened at 32.440. Vis-a-vis the
dollar, the koruna initiated at 29.900 and should remain between 29.600 -
29.900.
open high low close today (26.8.)
EUR/CZK 32.350 32.470 32.350 32460 32.440
USD/CZK 29.740 29.830 29.670 29.800 29.900
Martin Kocura, Investment Research, CSOB