The Czech currency was falling vs. the dollar all day long due to
development on the eurodollar markets. The USD/CZK opened at 26.910 and
reached the level of 27.120 at the end of trading. Vis-a-vis the euro, the
koruna slipped modestly in the beginning of trading from the initial level
of 31.535 to 31.545. However, the EUR/CZK recovered soon and was moving
between 31.450 - 31.550 in the rest of the day. It closed at 31.510.
trade deficit figure is released today. The EUR/CZK should move in the range
of 31.400 - 31.600. It opened at 31.520. Against the dollar, the koruna
opened at level of 27.230 and should not leave 26.900 - 27.400 brackets.
open high low close today (23.6.)
EUR/CZK 31.535 31.545 31.475 31.510 31.520
USD/CZK 26.910 27.120 26.880 27.120 27.230
Martin Kocura, Investment Research, CSOB