The koruna finally didn't weakened against the euro, Hana Marvanova
announced that she would enable passing the state budget draft for next
year, pushed the koruna back to the morning level.
The koruna opened at 30.900 per euro, during the morning session, it fell to
31.120 as the euro significantly strengthened versus the dollar during the
night. Hana Marvanova's announcement got back the koruna to firming. She
said she would enable passing the next year state budget draft, which is a
step that avert concerns from budget provisional arrangement. The koruna
rose to 30.860 and closed near the morning level at 30.890.
dollar the koruna firstly dropped from 30.790 to 31.030. Afternoon sharp
strengthening of the euro versus the dollar on the world markets boosted up
also the koruna. The USD/CZK closed at 30.650. Today as the euro again
significantly rose during the night the koruna should weaken versus the euro
and rise against the dollar. We anticipate the EUR/CZK to move in the range
of 30.800 - 31.100 and the USD/CZK from 30.400 to 31.100. The EUR/CZK opened
at 30.885 and the USD/CZK at 30.630 in the morning.
open max min cls open 8/11
EUR/CZK 30.900 31.120 30.865 30.890 30.885
USD/CZK 30.790 31.030 30.650 30.650 30.630
Stepanka Kuzilkova, Investment Research, CSOB