It opened at 31.315 in the morning, the whole day went on strengthening up to the last
31.325. Today it opened at 31.315 and should remain within the range of
31.25 and 31.45.
On Wednesday the koruna lost against the dollar due to
development on Eurodollar markets. The rate USD/CZK started at 26.450 and
weakened up to 26.760 in the afternoon. Because April durable goods orders
fell by a larger than expected 2.4% in the USA the koruna firmed and
finished at 26.670. It opened at 26.620 today and should move between 26.40
and 26.80.
Zdenek Safka, Investment Research, CSOB