The Czech currency was curbed against the euro in the tiny range of 32.000 -
32.150 all day long. The koruna closed firmer at 32.060 in comparison to its
opening level of 32.130. The trading was calm without any significant
impulses. Vis-a-vis the dollar, the koruna also strengthened in reaction to
development of the eurodollar markets. The USD/CZK exchange rate opened at
28.030, touched the level of 27.750 during the session and closed at 27.850.
No important data are released today. The EUR/CZK should move in the range
of 31.900 - 32.100. It initiated at 32.055 today. Against the dollar, the
koruna opened at 27.960 and should not leave 27.600 - 28.100 brackets.
open high low close today (28.7.)
EUR/CZK 32.130 32.150 32.055 32.060 32.055
USD/CZK 28.030 28.030 27.750 27.850 27.960
(CSOB, Investmnet Research)