The Czech currency firmed vs. the dollar again on Wednesday and reached its
record high since the spring of 1997 due to the strengthening of the euro
against the dollar on the world markets. The USD/CZK opened at 28.290,
touched the level of 28.100 during the day and closed at 28.170. Vis-a-vis
the euro, the koruna also firmed to 31.425 from the initial level of 31.490
while it touched 31.360 level during the trading.
No significant impulses
should appear today, the koruna will follow the EUR/USD development again.
The EUR/CZK should move between 31.350 - 31.550 today and opened at 31.400.
Against the dollar the koruna should remain in the range of 27.800 - 28.200.
The USD/CZK initiated at 27.990 today.
open high low close today (2.5.)
EUR/CZK 31.490 31.520 31.360 31.425 31.400
USD/CZK 28.290 28.310 28.100 28.170 27.990
Martin Kocura, Investment Research, CSOB