morning strengthening to 31.425 the koruna slumped to 31.68. It returned to
31.590 in the afternoon where it closed. The morning movement was koruna's
reaction both to retail sales and to comments of CNB vice-governor Mr. Dedek
who had declared reasons against the exchange rate cut.
The rate EUR/CZK
opened at 31.600 today and should move in the range of 31,50 and 31,70. The
currency pair USD/CZK opened at 29,080 yesterday and finished also at
29,080. Today it opened at 28.900 and should remain between 28.80 and 29.00.
Zdenek Safka, Investment Research, CSOB