On Wednesday the Czech currency registered minimal changes even when the
state bond auction was not successful. The rate EUR/CZK began at 31.590, the
koruna weakened to 31.610 after the auction but corrected its losses in the
afternoon and closed at 31.600. Today the rate opened at 31.580 and should
move between 31.50 and 31.80. Against the dollar the koruna strengthened to
27.790 at noon from morning's 27.870. It weakened in the afternoon and
closed at 27.880.
Today it opened at 27.800 and should move in the range of
27.60 and 27.85. Koruna rates may be influenced by industrial production,
which was released in the morning.
Zdenek Safka, Investment Research, CSOB