The Czech currency strengthened vs.the euro from the opening level of 30.770
to 30.680 during yesterday's morning trading and consequently fell to
30.860. However, another recovering followed in the afternoon and the
EUR/CZK closed at 30.750. The trading was technical.
Against the dollar, the
koruna modestly sank from 30.900 in the beginning to 30.950 at the end of
the day. The more important data for the EUR/CZK will be released at the
end of the week, the koruna could be influenced also by possible interest
rate cut in eurozone. The EUR/CZK should be curbed between 30.600 - 30.900
and the USD/CZK should move in the range of 30.550 - 31.0500. The EUR/CZK
opened at 30.790 and the USD/CZK at 30.850 today.
open high low close today(5.11.)
EUR/CZK 30.770 30.860 30.680 30.780 30.790
USD/CZK 30.900 31.010 30.790 30.950 30.850
Stepanka Kuzilkova, Investment Research, CSOB