Wednesday's trading was calm and the fifteen hallers band was wide enough
for all day long. The koruna firmed from 30.380 in the morning to 30.270, in
the afternoon the correction occurred and the koruna closed at 30.375.
Against the dollar the koruna tended to strengthen yesterday. The USD/CZK
fell from the morning level of 30.900 to 30.800 but closed slightly higher
at 30.860. The Bank Board of the CNB holds its regular meeting today. As the
monetary policy isn't on the agenda, we don't see any reason for the koruna
to leave its current band (30.200 - 30.500). The EUR/CZK opened at 30.385
and the USD/CZK at 30.760 in the morning.
open max min cls open 3/10
EUR/CZK 30,380 30,430 30,270 30,375 30,385
USD/CZK 30,900 30,900 30,800 30,860 30,760
CSOB, Investment Research
Na Prikope 14, Praha 1