The EUR/CZK exchange rate followed its previous development and remained
calm vs. the euro all day long. The koruna was curbed between 31.245 -
31.370 and closed at 31.255. Against the dollar, the koruna rose in reaction
to the development on the eurodollar markets. The USD/CZK reached 26.560
level at the end of the trading in comparison to its initial 26.695.
Industrial output figure is released today. We don't expect any significant
impact on the koruna. The investors has turned their attention to the
outcome of the weekend's referendum on Czech accession to the EU. The
EUR/CZK should move in the range of 31.200 - 31.400. It opened at 31.275.
The USD/CZK exchange rate opened at 26.560 today and should not leave 26.400
- 26.900 brackets.
open high low close today (12.6.)
EUR/CZK 31.310 31.370 31.245 31.255 31.275
USD/CZK 26.695 26.810 26.560 26.560 26.560
Martin Kocura, Investment Research, CSOB