The Czech currency followed development on the Central European FX markets
and fell against the euro. The trading was calm. The EUR/CZK opened at the
level of 32.120 and reached 32.210 at the end of trading. The USD/CZK
reflected situation on eurodollar markets. The koruna initiated at 28.480
and softened to 28.540 during morning session. However, the koruna pared its
previous losses in the afternoon and closed at 28.450.
deficit figure is released today. If it is wider-than-expected, the koruna
may fall again. The release of minutes from the last Bank Board meeting is
also scheduled today. The EUR/CZK should move in the range of 32.100 -
32.300, while it opened at 32.230. The USD/CZK initiated at 28.380 and
should not leave 28.200 - 28.600 brackets.
open high low close today (12.8.)
EUR/CZK 32.120 32.230 32.080 32.210 32.230
USD/CZK 28.480 28.540 28.400 28.450 28.380
Martin Kocura, Investment Research, CSOB