The Czech currency softened vs. the euro due to development on the other
Central European forex markets. The koruna opened at 31.351 yesterday and
fell vs. the euro to the level of 31.445 during the day. The EUR/CZK closed
at 31.400. The koruna was losing also against the dollar all day long as the
American currency rose vs. the euro on the world markets. The USD/CZK
initiated at 26.610 at the morning and reached the level of 26.800 at the
end of trading.
No important data are released today. The koruna should
follow the development on the CE and eurodollar markets. We expect the
EUR/CZK to move between 31.350 - 31.550. It opened at 31.450. Vis-a-vis the
dollar, the koruna opened at 27.050 and should not leave the range of 26.750
- 27.250.
open high low close today (19.6.)
EUR/CZK 31.351 31.445 31.351 31.400 31.450
USD/CZK 26.610 26.880 26.610 26.880 27.050
Martin Kocura, Investment Research, CSOB