The Czech currency opened at 30.940 per euro on Thursday morning, the
release of foreign trade deficit figure pushed the exchange rate as far as
at 31.120. During the rest of day the koruna moved in range 31.000 - 31.100,
but in the last minutes of yesterday's trading it firmed to 30.880. The
EUR/CZK moved back to Wednesday's afternoon level and we expect it to
stabilize in range 30.650 - 30.950 today. Against the dollar the koruna fell
due to the EUR/USD development.
Today we anticipate the USD/CZK to range
from 31.500 to 32.000. This morning the EUR/CZK started at 30.750 and the
USD/CZK at 31.770.
The foreign trade deficit for July widened to CZK 16.3 bn.
open max min cls open 23/8
EUR/CZK 30.940 31.120 30.860 30.880 30.750
USD/CZK 31.680 31.800 31.650 31.750 31.770
Stepanka Kuzilkova, Investment Research, CSOB