The Czech currency fell further against the dollar as the American currency
rose against the euro. The EUR/USD opened at 26.600 level and closed at
26.800, which was also its weakest level yesterday. Vis-a-vis the euro, the
koruna remained calm all day long, curbed between 31.260 - 31.355 brackets.
The EUR/CZK closed at 31.325. We expect quiet trading today, the current
account balance figure should not have a significant impact. The EUR/CZK
should be curbed between 31.250 - 31.450 and opened at 31.320. Against the
dollar the koruna launched at 26.730 and should remain in the range of
26.500 - 26.800.
open high low close today (4.6.)
EUR/CZK 31.335 31.355 31.260 31.325 31.320
USD/CZK 26.600 26.800 26.570 26.800 26.730
Martin Kocura, Investment Research, CSOB