It opened at
26.460 in the morning, depreciated the whole day beside a small correction
in the afternoon and closed at 26.530. It opened at 26.610 this morning and
should move in the range of 26.40 and 26.90. Yesterday's weakening
corresponded to the development on Eurodollar markets, there are no
fundamental reasons for the koruna to weaken. The rate EUR/CZK started at
31.370 yesterday, the koruna fell up to 31.440 before midday, but closed at
31.368. Today it opened at 31.351 and should move between 31.30 and 31.80.
Zdenek Safka, Investment Research, CSOB