Yesterday the Czech currency continued in its weakening both against the
euro and the dollar. Negative sentiment on the FX market is caused by the
global political uncertainty, which influenced all Central European markets.
In the Czech Republic even weak macroeconomic data supported this sentiment.
The exchange rate EUR/CZK opened at 31.745 and finished at 31.830. It opened
at 31.800 today and should move in the range of 31.700 and 31.900. Against
the USD the koruna opened at 29.650 and closed at 29.760 yesterday. It began
at 29.885 today and should stay between 29.500 and 29.900.
Stepanka Kuzilkova, Investment Research, CSOB