The Czech currency stabilized against the euro on Wednesday and halted its
previous losses. Trading remained calm again. The EUR/CZK reached 32.380
from the initial level of 32.450 and closed at 32.440. The koruna gained
also against the dollar as it rose from 29.150 in the beginning of trading
to 29.130 at the end of the day. There will no fundamental impulses today,
the koruna may react on the tomorrow's trade balance figure. The EUR/CZK
should move in the range of 32.300 - 32.500, as it opened at 32.480.
Vis-a-vis the dollar, the koruna initiated at the level of 29.350 and should
remain between 29.100 - 29.500 today.