The trading on the EUR/CZK parity was calm and mostly technical, no
significant impulses appeared. The Czech currency ignored yesterday's
macroeconomic data and wasn't influenced by Hungarian decision to join the
European Union. The koruna opened at the level of 31.600 against the euro,
touched 31.515. level and closed at 31.580. Vis-a-vis the dollar, the koruna
also strengthened as the USD/CZK reached the level of 29.240 in the end of
trading from the initial 29.420.
No important data are released today. The
koruna could follow the development on eurodollar or CE markets. The EUR/CZK
should be curbed between 31.450 - 31.650 today and opened at 31.540. The
USD/CZK should not leave 29.100 - 29.500 brackets and opened at 29.310
today.
open high low close today (15.4.)
EUR/CZK 31.600 31.655 31.515 31.580 31.540
USD/CZK 29.420 29.440 29.240 29.240 29.310
Martin Kocura, Investment Research, CSOB