The Czech currency firstly strengthened against the euro during the morning
session from the initial level of 31.320 to 31.270. However, trend reversed
later and the EUR/CZK exchange rate returned back to the level of 31.300. It
closed at 31.305. Vis-a-vis the dollar, the koruna weakened from 26.680 at
the beginning 26.830 in the afternoon. The USD/CZK closed at 26.770.
No
important data are released today. We expect the EUR/CZK to move in the
range of 31.200 - 31.400 today, while it opened at 31.310. The USD/CZK
initial level was at 26.695 and it should not leave 26.500 - 26.900
brackets.
open high low close today (11.6.)
EUR/CZK 31.320 31.320 31.270 31.305 31.310
USD/CZK 26.680 26.830 26.670 26.770 26.695
Martin Kocura, Investment Research, CSOB