The EUR/CZK exchange rate didn't record significant changes on Friday again.
The koruna opened at 31.265 and touched the level of 31.200 during the day.
It closed at 31.240. PPI release had no impact on the exchange rate.
Vis-a-vis the dollar, the koruna initiated at the level of 26.570 and closed
slightly stronger at 26.470. The USD/CZK followed development on eurodollar
markets.
The koruna could be influenced by the positive outcome of Czech
referendum on accession to the EU. However, the "referendum effect" should
be only short-living. The EUR/CZK should move in the range of 31.100 -
31.350 as it opened at 31.230. Against the dollar, the koruna opened at
26.300 and should not leave 26.200 - 26.700 brackets.
open high low close today (16.6.)
EUR/CZK 31.265 31.295 31.200 31.240 31.230
USD/CZK 26.570 26.590 26.470 26.470 26.300
Martin Kocura, Investment Research, CSOB