It opened at 31.54; it
broke through EUR/CZK 31.50 in the morning, then moved up to 31.40 and
closed at 31.45. Today the currency pair opened at 39.49 and should stay in
the range of 31.35 and 31.65. Because of tomorrow's holiday we do not expect
any important activity on the market today.
On Tuesday the koruna remained
stable against the dollar. For most of the day it fluctuated between 28.73
and 28.63 and closed at 28.56. The crown was firming mainly due to
development on the Eurodollar market. Today the rate USD/CZK opened at 28.29
and should move between 28.25 and 28.70.
Zdenek Safka, Investment Research, CSOB