The pressure on the koruna strengthening continued on Friday, as the
speculation on inflows of foreign aid prevailed. The koruna firmed in the
beginning of trading from 30.250 to 30.200, touched the level of 30.100
later in the day and closed at 30.115. The USD/CZK was influenced by
development on euro-dollar markets and the koruna weakened against the
dollar from 30.500 to 30.580.
The koruna might react on a batch of
indicators released today, although they may not be surprising. Inflation
and unemployment figures include an impact of floods. The koruna might break
the level 30.000. A reaction of CNB is expected in that case.
The koruna has broken the level of 30.000 in the early morning trading and
currently is moving around 29.920.
open max min cls
EUR/CZK 30.250 30.250 30.110 30.115 30.060
USD/CZK 30.500 30.640 30.350 30.580 30.620
Stepanka Kuzilkova, Investment Research, CSOB