The koruna was curbed against the euro between 31.415 - 31,465 almost all
day long and closed weaker at 31.460 in comparison to its initial level of
31.430. Vis-a-vis the dollar, the koruna slipped from 26.990 to 27.040 right
in the beginning of trading as the euro fell vs. the American currency on
the world markets. However, the koruna slightly corrected its losses in the
end of trading and the USD/CZK closed at 27.000.
No important data are will
be released in the rest of the week. The koruna should follow further
development at the eurodollar markets. The EUR/CZK should move in the range
of 31.350 - 31.550 and opened at 31.480 today. Against the dollar the
koruna opened at the level of 26.840 and should remain between 26.600 -
27.100.
open high low close today (21.5.)
EUR/CZK 31.430 31.520 31.420 31.460 31.480
USD/CZK 26.990 27.040 26.950 27.000 26.840
Martin Kocura, Investment Research, CSOB