The koruna firmed vs. the euro, fell against the dollar

The Czech currency firstly fell vs. the euro from the initial level of 32.480 to 32.525 during yesterday's early morning session. However, the trend reversed in the afternoon and the koruna rose to 32.395 at the end of the day. Vis-a-vis the dollar, the koruna was falling all day long as the U.S. currency gained against the euro on the world markets. The USD/CZK opened at the level of 29.350 and reached 29.600 level, where it also closed. Trade balance deficit is released today. The koruna could be probably influenced in case the figure won't meet market expectations. The EUR/CZK should be curbed between 32.300 - 32.500, as it opened at 32.420. Against the dollar, the koruna initiated at 29.730 and should not leave the range of 29.400 - 29.900.

ČSOB