Concerns of possible central bank interventions helped the koruna to weaken
against the euro yesterday. The koruna softened during morning trading to
30.350 from 30.225 at the beginning and continued in the same trend also in
the afternoon. The EUR/CZK closed at 30.395. On the other hand, the koruna
firmed vs. the dollar as the dollar significantly weakened against the euro.
The USD/CZK opened at 30.620 and closed at the level of 30.550.
account figure for H1 2002 will be released today. It might temporary
influence the koruna. The EUR/CZK should remain between 30.300 - 30.500
today and the USD/CZK should move in the range of 30.300 - 30.750.
open high low close today (4.9.)
EUR/CZK 30.225 30.450 30.220 30.395 30.425
USD/CZK 30.620 30.780 30.500 30.550 30.550
Stepanka Kuzilkova, Investment Research, CSOB