The Czech currency was curbed against the euro in the tiny range of 31.320 -
31.370 all day long and the EUR/CZK closed at 31.320. The trading was calm.
Vis-a-vis the dollar, the koruna fell due to dollar's gains vs .the euro on
the world markets.
The USD/CZK opened at 26.400, touched the level of 26.670
during the day and closed at 26.630. Budget deficit figure due today should
not have significant impact on the koruna. The EUR/CZK should move in the
range of 31.250 - 31.450 today and opened at 31.320. Against the dollar, the
koruna opened at 26.720 and should not leave 26.400 - 26.900 brackets.
open high low close today(2.6.)
EUR/CZK 31.360 31.370 31.315 31.320 31.320
USD/CZK 26.400 26.670 26.345 26.630 26.720
Martin Kocura, Investment Research, CSOB