Trading was calm on Friday without any significant impulses. The koruna
opened at the level of 31.740, modestly firmed during morning session and
closed at 31.670. Against the dollar, the koruna fell in reaction to the
strengthening dollar on the world markets. The USD/CZK opened at 29.920 and
slid to 30.040 at the end of the day.
The koruna could be influenced by
foreign trade data released today. The EUR/CZK should be curbed between
31.580 - 31.780. However, eurodollar markets development is still most
important today. The USD/CZK should move in the range of 29.500 - 30.000.
The koruna opened at 31.690 against the euro and at 29.810 vs. the dollar
CNB's Bank board will hold its regular meeting on Thursday, monetary issues
are on agenda. No change in interest rates is expected.
open high low close today (24.3.)
EUR/CZK 31.740 31.740 31.650 31.670 31.690
USD/CZK 29.920 30.060 29.900 30.040 29.810
(CSOB, Investment Research)