Yesterday the Czech currency appreciated both against the USD and the common
currency. It was due to the development on euro-dollar markets. The rate
EUR/CZK opened at 31.770 and finished at 31.620 yesterday. Today the koruna
opened at 31.645 and should move in the range of 31.500 and 31.850.
On
Monday the koruna started at 29.930 against the dollar and closed at 29.750.
It opened at 29.580 and should move between 29.250 and 29.800. Today's
exchange rate might be influenced by the CPI and unemployment data, but the
most important impetus depends on the latest euro-dollar market development.
Zdenek Safka, Investment Research, CSOB