The rate EUR/CZK began
at 31.670, it moved between 31.620 and 31.720 during the day and finished at
31.650. There was no important stimulus to influence the currency movement.
Today the rate EUR/CZK opened at 31.640 and should move in the range of
31.50 and 31.80.
The movement against the dollar was stronger, even the
koruna reacted to U.S. macro data. In the morning the rate opened at 27.460,
the koruna strengthened to 27.415 after labour market data were released,
but it lost its gains in the afternoon and closed at 27.520. Today the rate
USD/CZK starts at 27.600 and should stay between 27.40 and 27.80.
Zdenek Safka, Investment Research, CSOB