Comment of CNB Bank Board member M.Erbenova reversed the koruna's
firming trend from previous days. The Czech currency was weakening against
the euro during yesterday's session from the level of 30.730 in the morning
to 30.885 and closed at 30.870. The market corrected its optimistic
expectation concerning the influence of possible foreign assistance. The
koruna softened also against the dollar from the opening level of 31.260 to
31.490 in the end of trading, while it touched 31.560 during the day.
statistic office has released trade balance figure in July. It might
influence the koruna if it is worse than expectation. We anticipate the
EUR/CZK to move between 30.850 - 31.150 today and the USD/CZK should remain
in the range of 31.350 - 31.850.
open high low close today (22.8.)
EUR/CZK 30.730 30.895 30.730 30.870 30.940
USD/CZK 31.630 31.560 31.260 31.490 31.680
Stepanka Kuzilkova, Investment Research, CSOB