Yesterday the Czech currency started at 32.120 against the euro and at
28.340 against the dollar. In the morning the koruna with other Central
European currencies appreciated to 32.060 and 28.180. It finished a little
stronger the trading, i.e. at 32.070 against the euro and at 28.170 against
the dollar.
This morning the rate EUR/CZK opened at 32.060 and should move
in a range of 31.800 and 32.150. Today the koruna opened at 28.190 against
the dollar and should stay between 28.800 and 28.500. Inflation released
today should have a limited influence on the rate. But industrial production
data also released today might help the Czech currency to appreciate.
Zdenek Safka, Investment Research, CSOB