The Czech currency was moving in the narrow range of 30.750 - 30.850 during
morning session and weakened to the level of 30.930. However, it corrected
its losses later and closed firmer at 30.820. The koruna stayed between
31.680 - 31.900 against the dollar all day long and closed at 31.700.
Statistic Office released retail sales figure in June today. We don't expect
any significant impact on the EUR/CZK. The trading will be influenced also
by holiday in London. We anticipate the EUR/CZK to move between 30.650 -
30.950 and the USD/CZK should be curbed between 31.350 - 31.850.
open high low close today (26.8.)
EUR/CZK 30.750 30.930 30.740 30.820 30.785
USD/CZK 31.770 31.900 31.650 31.700 31.730
Stepanka Kuzilkova, Investment Research, CSOB