The Czech currency firstly softened against the euro from the initial level
of 31.450 to 31.510. However, it pared previous loses during the afternoon
and the EUR/CZK closed at 31.440. The koruna coped successfully with
fluctuations of the forint. Vis-a-vis the dollar, the koruna firmed slightly
in reaction to development on the eurodollar markets.
The USD/CZK exchange
rate opened at 27.050 and reached 26.905 at the end of the session. The
koruna is expected to be quiet again vs. the euro today and the EUR/CZK
should be curbed between 31.400 - 31.600. It opened at 31.535. Against the
dollar, the koruna opened at 26.910 and should move in the range of 26.700 -
27.100.
open high low close today (20.6.)
EUR/CZK 31.450 31.510 31.405 31.440 31.535
USD/CZK 27.050 27.080 26.905 26.905 26.910
Martin Kocura, Investment Research, CSOB