The koruna was
influenced by a positive sentiment on the other Central European FX markets.
The EUR/CZK opened at 31.530, the koruna reached the 31.270 level during the
day and closed at 31.355. The koruna was also backed by a successful auction
of 6.95/2016 government bond issue in the total volume of CZK 6bn..
Vis-a-vis the dollar. The koruna firstly rose from the initial level of
29.350 to 29.120, however, returned back to 29.330 at the end of the day.
Industrial output figure due today should not have a significant impact on
the koruna. The koruna could follow again the sentiment on the other Central
European markets. The EUR/CZK should move in the range of 31.200 - 31.500
and opened at 31.400 today. The USD/CZK started at 29.120 and it should
remain in the range of 28.800 - 29.300 today.
open high low close today (10.4.)
EUR/CZK 31.530 31.530 31.270 31.355 31.400
USD/CZK 29.350 29.370 29.120 29.330 29.120
Martin Kocura, Investment Research, CSOB