The Czech currency slightly rose against the euro in the beginning of
yesterday's session from 31.700 to 31.660 as the good foreign trade figure
was expected. However, the koruna wasn't finally backed enough by the
foreign trade data release and slid to 31.735 during morning trading. The
EUR/CZK was curbed between 31.660 - 31.730 in the rest of the day and closed
at 31.680. Vis-a-vis the dollar, the koruna remained in the range of 29.320
- 29.560 all day long and closed at 29.320. No important data are released
today, we don't expect any significant movements in the EUR/CZK exchange
rate. It should move in the range of 31.580 - 31.780 and the USD/CZK should
stay between 29.100 - 29.600 today. The koruna opened at 31.680 against the
euro and at 29.300 vs. the dollar today.
open high low close today (25.2.)
EUR/CZK 31.700 31.735 31.660 31.680 31.680
USD/CZK 29.520 29.560 29.320 29.320 29.300
Martin Kocura, CSOB Investment Research