The Czech currency strengthened vs. the euro from 30.355 to 30.270 during
Friday's morning session, however, returned back to the level of 30.340 in
the end of the day. The trading was calm, no significant impulses occurred.
Against the dollar the koruna firmed from 30.790 to 30.700 first and closed
at 30.880 as the dollar rose against the euro on the world markets.
International reserves will be released today, we don't expect any impact on
the koruna. A batch of more important indicators will be announced in
following days. The market will closely watch inflation figure due tomorrow.
The EUR/CZK should remain between 30.250 - 30.450 today, the USD/CZK should
move in the range of 30.700 - 31.100.
open high low close today (7.10.)
EUR/CZK 30.355 30.355 30.270 30.340 30.350
USD/CZK 30.790 30.910 30.700 30.880 31.030
Stepanka Kuzilkova, Investment Research, CSOB