opened at 26.720, dropped up to 26.880 in the afternoon, but later on it
erased losses and closed at 26.680. Today the rate USD/CZK began at 26.600
and should move in the range of 26.400 and 26.800. The koruna firmed also
against the common currency. The rate EUR/CZK opened at 31.320 and closed at
31.270. The Czech currency did not react to the budget deficit and was not
influenced by the Hungarian forint's fall. Today the exchange rate EUR/CZK
started at 31.335 and should move between 31.220 and 31.380.
Zdenek Safka, Investment Research, CSOB