Friday's trading on the Czech FX market was calm, no significant impulses
have appeared. The Czech currency modestly gained against the euro as it
reached 31.635 at the end of the day from the initial level of 31.640.
Vis-a-vis the dollar, the koruna was curbed in the range of 27.500 - 27.600
all day long and the USD/CZK closed at 27.560. The koruna should follow
development on the neighbouring CE markets. Eurodollar markets movements
could also play an important part. The EUR/CZK should not leave 31.500 -
31.700 brackets as it open at 31.630. Against the dollar, the koruna
initiated at 27.620 and the USD/CZK should move in the range of 27.400 -
27.800 today.
open high low close today (7.7.)
EUR/CZK 31.640 31.665 31.590 31.635 31.630
USD/CZK 27.600 27.600 27.530 27.560 27.620
Martin Kocura, Investment Research, CSOB