The Czech currency was strengthening slightly against the euro on Friday.
The EUR/CZK opened at 31.840 and touched the level of 31.775 during the day.
The koruna closed at 31.775. Vis-a-vis the dollar, the koruna also showed a
tendency to improve slightly during the morning session as the USD/CZK
reached 29.630 level in comparison to initial 29.730. However, the rising
dollar on the world markets hurt the koruna and it fell back to 29.650.
Eurodollar markets development is supposed to be the main driving force for
today again. Investors will closely watch also inflation, industrial output
and the other data due in the rest of the week. The EUR/CZK should move in
the range of 31.650 - 31-900 today and opened at the level of 31.775.
Against the dollar, we expect the koruna to move between 29.400 - 29.900.
The USD/CZK opened at 29.930.
open high low close today (7.4.)
EUR/CZK 31.840 31.880 31.775 31.775 31.775
USD/CZK 29.730 29.730 29.630 29.650 29.930
Martin Kocura, Investment Research, CSOB)