On Tuesday the Czech currency went on strengthening against the euro and did
not react to the morning's macroeconomic data. It started at the level of
31.645; the rate EUR/CZK touched 31.450 in the afternoon and finished at
31.490 at the day's end.
Against the dollar the koruna remained in the range
of 29.440 and 29.610 and closed at 29.490. No important data are published
today, the koruna could tend to appreciate slightly again. This process
might be influenced by the development on Eurodollar markets.
rate EUR/CZK could stay between 31.400 and 31.600 today after starting at
31.530. The rate USD/CZK should not leave the range of 29.100 and 29.600. It
opened at 29.350 this morning.
Zdenek Safka, Investment Research, CSOB