The Czech currency strengthened again vs. the dollar as the euro gained
against the American currency on the world markets. The USD/CZK opened at
27.210 and touched the level of 27.060 in the morning which is its brand new
high since autumn 1996. However, the koruna corrected its previous gains in
the afternoon and closed at 27.250.
Vis-a-vis the euro, the koruna was
curbed between 31.415 - 31.520 all day long and closed at 31.450. The
macroeconomic data released yesterday didn't have any significant impact on
the koruna. No important figures are released today. The koruna may watch
the development on the eurodollar markets again. The EUR/CZK opened at
31.470 today and should not leave 31.350 - 31.550 brackets. The USD/CZK
should move between 27.100 - 27.500. It opened at 27.410.
open high low close today (13.5.)
EUR/CZK 31.490 31.520 31.415 31.450 31.470
USD/CZK 27.210 27.250 27.060 27.250 27.410
Martin Kocura, Investment Research, CSOB