The Czech currency rose against the dollar as the American currency fell vs.
the euro on the world markets. The USD/CZK exchange rate opened at the level
of 27.540, reached 27.120 during the day and closed at 27.130. Vis-a-vis the
euro, the koruna was curbed between 31.300 - 31.370 during morning session.
However, the koruna rose to 31.270 in the afternoon and closed at 31.300.
important data are released today. The EUR/USD development will probably
remain the main driving force. We expect the EUR/CZK to move in the range of
31.200 - 31.400 today, while it opened at 31.310. Against the dollar the
koruna opened at 26.780 and should not leave 26.600 - 27.200 brackets.
open hogh low close today (19.5.)
EUR/CZK 31.370 31.370 31.270 31.300 31.310
USD/CZK 27.540 27.540 27.120 27.130 26.780
Martin Kocura, Investment Research, CSOB