The exchange rate EUR/CZK opened at 31.400, at the beginning of
the trade session the koruna appreciated up to 31.30, but it lost in the
afternoon and closed at 31.410. The rate development was caused by technical
reasons, a correction followed after a few days' rally.
This morning the
koruna opened at 31.420 and should keep the range of 31.300 and 31.460. The
pair USD/CZK opened at 29.120 on Wednesday, in accordance with the
development on Eurodollar markets the koruna lost in the morning, but later
on it appreciated and closed at 29.030. Today the rate USD/CZK opened at
29.190 and should move between 29.000 and 29.300.
Zdenek Safka, Investment Research, CSOB