The Czech currency stayed between 30.565 - 30.700 against the euro all day
long. The trading was calm. The koruna modestly strengthened vs. the dollar
from the level of 31.400 in the beginning of trading to 31.320 due to
weakening of the dollar against the euro on world markets.
We expect the
EUR/CZK to move in the range of 30.550 - 30.850. The koruna will wait for
more macroeconomic data containing flood-influence. The USD/CZK should be
curbed between 31.000 - 31.500 today and will watch euro-dollar markets.
open high low close today (28.8.)
EUR/CZK 30.620 30.705 30.565 30.680 30.660
USD/CZK 31.400 31.500 31.250 31.320 31.250
Stepanka Kuzilkova, Investment Research, CSOB