The
main reason was the Hungarian forint, which fell down taking other Central
European currencies with it. On Thursday the rate EUR/CZK opened at 31.315.
The koruna lost up to 31.450 at noon and closed at 31.385 in the afternoon.
Today it started at 31.360 and should move in the range of 31.25 and 31.50.
The rate USD/CZK moved in accordance with the development on Eurodollar
markets yesterday. It opened at 26.620, the koruna lost up to 26.830 at noon
and strengthened up to 26.540 at the end. Today the currency pair USD/CZK
began at 26.400 and should stay within 26.20 and 26.70.
Zdenek Safka, Investment Research, CSOB